Get the free Form 1098-E

This form is used to report the amount of student loan interest received by lenders during the year. It provides essential tax information for borrowers regarding interest deductions on their income

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 lender.
2. Enter the lender's name, address, and taxpayer identification number (TIN).
3. Fill in your name, address, and Social Security number (SSN) as the borrower.
4. Record the amount of interest you paid on your student loans in Box 1.
5. Provide the account number for the student loan in Box 2, if applicable.
6. Complete any other relevant sections as required.
7. Review the completed form for accuracy before submission.

Who needs Form 1098-E?

1. Individuals who paid interest on qualified student loans in the previous year.
2. Borrowers who are required to report their student loan interest for tax purposes.
3. People who received a Form 1098-E from their lender.

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 to report interest payments on student loans. It is issued by educational institutions or lenders to report the amount of interest paid by the borrower during the tax year.

Who is required to file Form 1098-E?

Lenders or educational institutions that receive interest payments on student loans are required to file Form 1098-E if they receive $600 or more in interest from a borrower during the calendar year.

How to fill out Form 1098-E?

To fill out Form 1098-E, the lender must enter their name, address, and taxpayer identification number, as well as the borrower's information. They must also report the total interest paid by the borrower for the year in Box 1 of the form.

What is the purpose of Form 1098-E?

The purpose of Form 1098-E is to provide borrowers with a record of the student loan interest they have paid during the year, which may be deductible on their federal tax return.

What information must be reported on Form 1098-E?

Form 1098-E must report the name, address, and taxpayer identification number of the lender, the borrower's information, and the total amount of interest paid on the student loans during the tax year.