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May 2, 2021
Question

Can I deduct Education Interest payments that didn't meet the 1098-E threshold, but payments were made. Can we report interest paid that's below the 1098-E Threshold?

  • May 2, 2021
  • 1 reply
  • 0 views
Threshold for IRS to generate a 1098-E is $600, my husband paid $421.61, reported in a letter from his lender.

1 reply

Hal_Al
Employee
May 2, 2021

Yes.

In TurboTax (TT), enter at:

Federal Taxes Tab (Personal for H&B version)

Deductions & Credits

-Scroll down to:

--Education

  -Student Loan Interest paid