If you paid student loan interest, you will want to claim it on your taxes to see if you can receive the Tuition and Fees Deduction. Student loan interest is usually reported to you on Form 1098-E, however, you can still enter the information if you didn't receive this form.
To enter Student Loan Interest:
- On the Tax Timeline, select "Federal Taxes" then select "Deductions and Credits".
- Click "Check for more tax breaks" then select "Skip to see all tax breaks".
- Scroll down to the Education section and click "Show more" to expand the list.
- Click "Start" next to Student Loan Interest Paid (Form 1098-E) to begin entering your information.