Form 1098-E, Student Loan Interest Statement, reports the amount of student loan interest you paid during the tax year. If you paid interest on a qualified student loan, this form can help you determine whether you're eligible to claim the Student Loan Interest Deduction on your federal tax return.
For the 2026 tax year (filed in 2027), lenders are generally required to issue Form 1098-E if you paid $600 or more in student loan interest during the year. If you paid less than $600, you may not receive a Form 1098-E, but you can still claim the deduction if you qualify and can document the interest paid.
What Information Does Form 1098-E Include?
Form 1098-E typically reports:
- The amount of student loan interest paid during the year
- The lender's information
- The borrower's identifying information
Keep in mind that the amount shown on Form 1098-E may include interest paid by you, as well as certain capitalized interest payments that qualify under IRS rules.
Where Do I Enter Form 1098-E in the Program?
To enter your student loan interest information:
- Go to Federal
- Select Deductions
- Choose My Forms
- Select Adjustments to Income
- Select Student Loan Interest Deduction
Enter the information from your Form 1098-E as it appears on the form.
What If I Didn't Receive a Form 1098-E?
You may still be able to claim the Student Loan Interest Deduction if:
- You paid qualified student loan interest during the year.
- You meet the IRS income and eligibility requirements.
- You can obtain the interest amount from your loan servicer or lender.
Many loan providers make this information available through your online account even when a Form 1098-E is not issued.
Why Is Form 1098-E Important?
The Student Loan Interest Deduction is an adjustment to income, which means eligible taxpayers may be able to reduce their taxable income without itemizing deductions. This can lower the amount of income subject to federal tax and potentially reduce your overall tax liability.
Need to See a Sample Form?
You can view an example of Form 1098-E on the IRS website to see how the information is reported and where to locate the amounts needed for your tax return.