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This document is used to report student loan interest received by the lender, providing necessary information to the borrower for tax purposes.
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How to fill out form 1098-e

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How to fill out Form 1098-E

01
Gather your tax documents, including the 1098-E form.
02
Identify the lender to whom you made student loan payments.
03
Enter your name, address, and taxpayer identification number on the form.
04
Provide the lender's information, including their name, address, and taxpayer identification number.
05
Fill in the total interest paid on student loans during the tax year in the appropriate box.
06
Double-check all entries for accuracy.
07
Sign and date the form as required.

Who needs Form 1098-E?

01
Individuals who paid interest on a qualified student loan during the tax year.
02
Borrowers who are looking to deduct student loan interest from their taxable income.
03
Taxpayers who receive Form 1098-E from their loan servicer as proof of interest paid.
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People Also Ask about

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.
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.
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.
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.
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.
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.

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Form 1098-E is a tax form used to report student loan interest that has been paid during the tax year.
Lenders who receive $600 or more in interest from a borrower on a qualified student loan must file Form 1098-E.
To fill out Form 1098-E, the lender needs to provide the borrower's information, the total interest paid, and other identification details as required in the form.
The purpose of Form 1098-E is to provide borrowers with information regarding the amount of interest paid on student loans, which may be tax-deductible.
Form 1098-E must report the borrower's name, address, taxpayer identification number, the amount of interest paid, and the lender's information.
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