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July 15, 2020
Question

For the student loan interest credit, do I have to have paid a minimum of $600 to qualify? Or does paying under $600 still qualify?

  • July 15, 2020
  • 2 replies
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2 replies

Employee
July 15, 2020

There is no minimum amount requirement. 

Hal_Al
Employee
July 15, 2020

Any amount qualifies.

The $600 thing applies to the loan company. They MUST send you a form 1098-E if you paid at least $600.  You may claim the deduction even if you don't have a 1098-E. Many loan companies will sent a 1098-E for less.