Form 1098-E (2023)

What Is Form 1098-E 2024?

According to the US Department of Education, a 1098-E form is a document used for compensating student loans. This tax form helps with figuring student loan interest deductibility in the course of your trade or business. It states the amount of interest a student paid on their loans throughout a calendar year. 

What do I need Form 1098-E for?

You may get an online version of the 1098-E Student Loan Interest Statement via email or receive a paper document by mail from a lender if:

• the sum you paid during the year to cover your student loan interest is $600 or more;
• you have to deduct a portion of the paid interest on your 2022 federal tax return.

How to Fill Out Form 1098-E in 2024?

Step 1: If you wonder “how do I get my 1098-E form online?” click the “Fill Out Form” button to get a printable blank.
Step 2: Indicate the names, addresses, contact numbers, and TINS of a lender and a borrower in the left column of the document.
Step 3: In Box 1, named “Student Loan Interest Received by Lender,” specify the interest you got on a student loan throughout the calendar year. Include payments of interest for loans made later than September 1, 2004, according to the Regulations section 1.221-1(f).
Step 4: In box 2, mark loan origination fees or capitalized interest which you didn’t report in box 1, in case your loans were undertaken prior to September 1, 2004.
Step 5: Click the “Done” button to download the fillable 1098-E form on your PC.

Organizations That Work With Form 1098-E

The IRS