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April 2, 2020
Question

Can you pay interest on a student loan in April 2020 and still get an 1098 E form for 2019? If I am taking the standard deduction does it matter anyway?

  • April 2, 2020
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1 reply

GiseleD
April 2, 2020

Any student loan interest paid in 2020 is eligible to be deducted on a 2020 return, not a 2019 return. Also, this deduction is completely separate from the standard deduction. You can receive both a standard deduction and a student loan interest deduction. 

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