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January 8, 2021
Question

I’m trying to to file my taxes for my student loan and it says 1098-E but the form I have is 1098-T are those the same thing?

  • January 8, 2021
  • 2 replies
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2 replies

macuser_22
Employee
January 8, 2021

No.  The 1098-E is loan interest and probably will not be sent until Jan 31.    You can usually check your account on the website for the loan.

 

A 1098-T reports school tuition paid.

 

Wait for the paperwork,  It is too early to file anyway since the IRS does not even open until the end of January.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Hal_Al
Employee
January 8, 2021

What do you mean by " file my taxes for my student loan"? The 1098-T and 1098-E are not the same thing.

 

You are allowed an adjustment to income ( deduction) for interest paid on a student loan. The interest you paid is documented on form 1098-E, by the loan company.

 

If, instead,  you are trying  to claim a tuition credit or deduction for the tuition, book and fee expenses  paid by the loan, the 1098-T is the correct form.  In that case you do not file/claim the loan itself; you claim the qualifying expenses paid by the loan and/or out of pocket.