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C
cmode85
April 14, 2024
Question

Why am I only seeing the standard deduction amount being deducted and not also the 2500 for student loans?

  • April 14, 2024
  • 1 reply
  • 0 views
I qualify for the 2500 max deduction for paying student loans and uploaded all the 1098-E forms. The website shows me that I am deducting the 2500 but in the final review it has my taxable income only being reduced the standard deduction rate.

1 reply

M
mglauner
April 14, 2024

Student Loan Interest shows on Schedule 1, Line 21, and is transferred to Form 1040, Line 10.

 

You can check your Form 1040 in TurboTax Online by going to Tax Tools > Tools in the left-side menu, then 'View Tax Summary' from the pop-up menu.

 

Then back in the left-side margin, choose 'Preview My 1040'.

 

Here's more info on Student Loan Interest.

 

 

 

 

 

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