Category Archives: Taxes

How to Deduct Student Loan Interest on your Taxes (1098-E)

Student Loan Interest Statement, IRS form 1098-E.
You may be able to claim student loan interest payments you made when you file your tax return.

If you made federal student loan payments in 2020, you may be eligible to deduct a portion of the interest paid on your 2020 federal tax return. This is known as a student loan interest deduction. Below are some questions and answers to help you learn more about reporting student loan interest payments from IRS Form 1098-E on your 2020 taxes and potentially get this deduction.