Get the free Form 1098-E

This form is used to report student loan interest received by a lender from a borrower for the tax year.

How to fill out form 1098-e

How to fill out Form 1098-E

1. Obtain a copy of Form 1098-E, which can be downloaded from the IRS website or requested from your lender.
2. Fill in your personal information, including your name, address, and Social Security number.
3. Enter the lender's information, including their name, address, and Employer Identification Number (EIN).
4. Report the total amount of interest you paid on your student loans during the tax year in the designated box.
5. Provide any additional required details, such as the number of loans if applicable.
6. Sign and date the form if you are submitting it by mail.

Who needs Form 1098-E?

1. Anyone who paid interest on a qualified student loan during the tax year may need Form 1098-E.
2. The form is typically issued by lenders to borrowers who paid $600 or more in interest.
3. Taxpayers who wish to claim the student loan interest deduction on their tax return should use Form 1098-E.

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 payments on student loans. It is provided by lenders to borrowers to help them claim a student loan interest deduction on their tax returns.

Who is required to file Form 1098-E?

Lenders that receive interest payments on qualified student loans are required to file Form 1098-E for each borrower who pays $600 or more in interest during the tax year.

How to fill out Form 1098-E?

To fill out Form 1098-E, lenders must provide their information, the borrower's information, and the total interest paid by the borrower during the tax year. The form must be submitted to the IRS and provided to the borrower.

What is the purpose of Form 1098-E?

The purpose of Form 1098-E is to inform the IRS and the taxpayer about the amount of interest paid on student loans, which may qualify for a tax deduction when filing tax returns.

What information must be reported on Form 1098-E?

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