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?
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?
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.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"