1098-E Student Loan Interest Deduction

The 1098-E form is what you receive for tax season if you paid more than $600 in student loan interest last year.

Receiving a 1098-E form may allow you to deduct student loan interest on your federal tax return. This deduction can reduce your taxable income by up to $2,500, offering some financial relief for those managing student loan debt.

Today, we break down what the 1098-E is, and how it impacts your taxes so that you can potentially claim the student loan interest deduction.