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June 1, 2019
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Do i get the 1098-e deduction back

  • June 1, 2019
  • 1 reply
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My 1098-E form from my lender had $1,800 interest received by lender. Will this become part of my tax return? How does this affect my taxes?
Best answer by ErinH

The student loan interest is entered as an Adjustment to Income, not a tax refund or credit.  An adjustment to income reduces the Adjusted Gross Income thereby reducing the amount of taxable income.

Please see this FAQ for instructions on how to enter your 1098-E: https://ttlc.intuit.com/replies/4801974

1 reply

ErinHAnswer
Employee
June 1, 2019

The student loan interest is entered as an Adjustment to Income, not a tax refund or credit.  An adjustment to income reduces the Adjusted Gross Income thereby reducing the amount of taxable income.

Please see this FAQ for instructions on how to enter your 1098-E: https://ttlc.intuit.com/replies/4801974