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Category: 1098's

Form 1098-E: What do I do with my Student Loan Interest Statement?

Any interest that you paid on qualifying student loans is generally reported to you on Form 1098-E, Student Loan Interest Statement by the financial institution to which you made the payments. If you received a 1098-E, you can generally use the amount listed on the form to reduce your income.

If you received a 1098-E for interest that you paid on qualifying student loans during the tax year, you can enter this in your TaxSlayer account from Income > Deductions > Enter Myself > Adjustments > Student Loan Interest Deduction.