Form 1098-E – Entering Student Loan Interest in Program
Student loan interest will be reported to you on Form 1098-E, Student Loan Interest Statement. When you report this in the TaxAct program, the information is transferred to Schedule 1 (Form 1040). Follow the steps below to enter information from Form 1098-E.
Online
Dashboard
- From within your TaxAct return, click Deductions & Credits.
- On smaller devices, click the menu at the top left corner of your screen, then make your selection.
- Click the Education drop-down.
- Click Add beside Student Loan Interest Paid.
- Select the Borrower’s Name, enter the Lender’s Name, and enter the Interest Paid, then click Continue.
- You can click Add another student loan, as applicable.
Classic
- From within your TaxAct return, click Federal.
- On smaller devices, click the menu at the top left corner of your screen, then make your selection.
- Click the Education drop-down, then click Student loan interest.
- Select the Borrower’s Name, enter the Lender’s Name, and enter the Interest Paid, then click Continue.
- You can click Add another student loan, as applicable.
Desktop
- From within your TaxAct return, click Federal.
- Click the Education drop-down, then click Student loan interest.
- Enter the amount paid and click Continue.