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I
ingerbell1
March 26, 2020
Question

I paid 40,000.00 of my student loan in 2019 where do I put it on my taxes?

  • March 26, 2020
  • 1 reply
  • 0 views
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1 reply

M
MinhT1
March 26, 2020

You do not deduct all the loan repayments. You can only deduct your student loan interest up to a maximum of $2,500. To claim the deduction, enter your form 1098-E.

 

To enter your form 1098-E in TurboTax, follow these steps:

  1. Open your tax return
  2. Click on Federal in the left panel.
  3. Click on Deductions & Credits at the top
  4. Scroll down to the Education section. Click Show more 
  5. Select Start next to Student Loan Interest Paid (Form 1098-E)

 

 

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