Question

How to get credit if student loan interest paid is less than $600?

Forum|Forum|6 years ago
February 22, 2020
1 reply
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Last year I paid $1200 in Student Loan Interest and received the credit when I filed Married but Separate. I got the 1098 E form.

This year I paid $500 in Student Loan Interest and did not get the 1098E. I've been trying to find a way to get this $500 applied as a credit, but I've had no luck.

Any advice?

Thanks.

TurboTax Deluxe Online

A

AnnetteB6

You will still enter your student loan interest paid in the same section as if you did receive Form 1098-E. You will just be using the amount of interest paid found on your year-end statement instead of on Form 1098-E.

Use these steps to go to the right section of your return to enter your student loan interest:

On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
This opens a box where you can type in “student loan interest” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will give you an option to “Jump to student loan interest”
Click on the blue “Jump to student loan interest” link and enter your information