Skip to main content
February 28, 2025
Question

Where is form 1098-E in turbotax premier?

  • February 28, 2025
  • 2 replies
  • 0 views
I need to deduct college loans on my 2024 1040. Where is it in turbotax Premier?

    2 replies

    rjs
    Employee
    February 28, 2025

    Go to:

    • Federal Taxes
    • Deductions & Credits
    • I'll choose what I work on
    • Scroll down to Education
    • Click the Start button for "Student Loan Interest Paid (Form 1098-E)."

     

    Hal_Al
    Employee
    February 28, 2025

    A 1098-E means that you may be able to deduct (technically an "adjustment to income")  the interest paid on a student loan. Follow the directions in the other reply.

     

    "I need to deduct college loans on my 2024 1040" suggests you may be looking to deduct actual loan payments. That is not generally allowed.   However, thanks to a recent law change, student loan payments (up to a lifetime maximum) are now a qualified expense for a 529 plan distribution.