Get the free Form 1098-E

This form is used to report the amount of student loan interest received by the lender during the tax year. It is provided to the borrower for tax filing purposes and must be filed with the IRS.

How to fill out form 1098-e

How to fill out Form 1098-E

1. Obtain a copy of Form 1098-E from the IRS website or your loan servicer.
2. Fill in your personal information including your name, address, and taxpayer identification number (TIN).
3. Enter the name and address of the institution that received your interest payments.
4. Input the total amount of interest you paid on your student loans during the tax year.
5. Include any other relevant information as required on the form.
6. Submit the completed Form 1098-E with your tax return or use it to support your deductions.

Who needs Form 1098-E?

1. Individuals who have paid interest on qualified student loans during the tax year.
2. Taxpayers seeking to claim a deduction for student loan interest on their tax return.
3. Those who receive a Form 1098-E from their loan servicer must report the interest amount.

People Also Ask about

Do I need my 1098-E to file taxes?

To file your taxes, you are not required to include a copy of your IRS Form 1098-E. However, you do need the amount from the form to know how much paid interest to deduct.

Do I have to put my 1098-E on my tax return?

To file your taxes, you are not required to include a copy of your IRS Form 1098-E. However, you do need the amount from the form to know how much paid interest to deduct.

Is it worth claiming student loan interest on taxes?

If your MAGI was between $80,000 and $95,000 (for single filers) or $195,000 (if filing jointly), you can deduct less than than the maximum $2,500. The student loan interest deduction is not an itemized deduction — it's taken above the line. That means it's subtracted from your taxable income to save you money.

Can I get a copy of my 1098-T online?

Your college or career school will provide your 1098-T form electronically or by postal mail if you paid any qualified tuition and related education expenses during the previous calendar year.

Will a 1098 help my tax return?

The Form 1098-T Tuition Statement is a very important tax form for college students. It is required to claim valuable education credits, such as the American Opportunity Tax Credit and the Lifetime Learning Credit. You can get one from your College, and you should absolutely use it to prepare your tax return.

Can I file my taxes without my 1098?

You are not required to attach IRS Form 1098-T to your tax return. The IRS Form 1098-T is not like the IRS Form W-2 obtained from your employer, which is required to be attached to the tax return filed with the IRS.

For pdfFiller’s FAQs

What is Form 1098-E?

Form 1098-E is a tax form used in the United States to report interest paid on qualified student loans.

Who is required to file Form 1098-E?

Lenders that receive at least $600 in interest payments on a qualified student loan during the year are required to file Form 1098-E.

How to fill out Form 1098-E?

To fill out Form 1098-E, the lender must provide details such as the borrower's name, address, taxpayer identification number, and the total interest paid on the student loan for the calendar year.

What is the purpose of Form 1098-E?

The purpose of Form 1098-E is to inform both the borrower and the IRS about the amount of student loan interest paid, which may be eligible for a tax deduction.

What information must be reported on Form 1098-E?

Form 1098-E must report the borrower's name, address, taxpayer identification number, the lender's information, as well as the total interest paid on the student loan during the tax year.