Information about Form 1098-E Student Loan Interest
Select a link below to go directly to a topic or read through the document to learn about Form 1098-E.
What is Form 1098-E?
You'll receive Form 1098-E, Student Loan Interest Statement from the lender of your student loan. The purpose of Form 1098-E is to report interest that you paid for the year on your student loan. This interest is deductible. To maintain an accurate record, your lender will also send a copy of this form to the IRS.
It is possible that you may not receive a 1098-E from your lender if the amount of interest you paid was less than $600. You can always contact your lender if you are unsure of how much interest you paid. Remember, if you paid interest on a student loan during the year, you can deduct it.
You'll enter the information that's on your 1098-E into the TurboTax program. Be sure to enter the exact amount(s) that are listed on your Form 1098-E into TurboTax so that you'll receive the appropriate deduction for student loan interest on your income tax return.
Note: You don't need to attach Form 1098-E to your income tax return. The IRS already has a copy on record for you that was sent by your lender.
Where do I enter Form 1098-E into TurboTax?
For TurboTax Basic, Deluxe, or Premier:
- Select the Federal Taxes tab, then select Deductions and Credits.
- In the Deductions and Credits screen, select the Explore On My Own button.
- In the Your Deductions and Credits screen, select Education, then select the Start button for Student Loan Interest Paid.
- Follow the on-screen instructions.
For TurboTax Home & Business:
- Select the Personal tab, then select Deductions & Credits.
- In the Deductions and Credits screen, select the Explore On My Own button.
- In the Your Deductions and Credits screen, select Education, then select the Start button for Student Loan Interest Paid.
- Follow the on-screen instructions.
