Well I’m not a parent, but I figured parents would have the most experience with this. I graduated in May 2014 and began working full time in August 2014. Recently I’ve received e-mails from my loan provider about information for student loan interest that I’ve paid for tax purposes. I currently live on my own since I started working in August but my mother will still be claiming me as a dependent on her 2014 taxes. Would I be giving her this interest loan information or should I be filing something on my own since the loans are under my name?
You should put the loan interest on your tax return. Anyone that has worked can file a tax return in order to get a refund of overpayment of taxes on paychecks. If you have worked since August, you probably have met the income requirements and are required to file. Your mom will still claim you, you just will be reporting your income and the amounts withheld on your paychecks.
Your interest paid on your student loans will reduce the amount of taxes you have to pay and may increase any refund due if you have overpaid the taxes due.
Is you mom also getting your lifetime learning credit on tuition paid in 2014?
Did she provide over half of your support?
See IRS Publication 970 to learn more.
I didn’t claim D1 as a dependent the year she graduated from college because it was more advantageous for her to be independent (I was on a much higher tax bracket than D1).
We were able to claim an education credit for our D the year she graduated, because she was in school 5 months and we provided her support through July of that year. I didn’t think we’d be able to claim one for S this year, since he was only in school 4 months … but because he (sadly) didn’t earn more than $3,000 for the year, we get to claim him and the credit. Not next year, though … if he doesn’t earn more than $3,000 this year, he will be living in a cardboard box by the side of the river! 
You can not take a student loan interest deduction if you are claimed as a dependent on someone else’s return. We will not be claiming our son who started working in August because he provided more than half his own support for the year. I am hoping that means he can claim his own AOC because we only claimed it for 3 years for him.