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Will I receive a particular tax form from the Department of Education if I paid off my loans this year?

 
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Coleen3
Intuit Alumni

Will I receive a particular tax form from the Department of Education if I paid off my loans this year?

Not a tax form per se. The only part of the loan that matters to the IRS is the dollar amount of interest you paid and how much of that amount are you entitled to deduct. The payoff letter, if any, would be for your records only.

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3 Replies
Coleen3
Intuit Alumni

Will I receive a particular tax form from the Department of Education if I paid off my loans this year?

Not a tax form per se. The only part of the loan that matters to the IRS is the dollar amount of interest you paid and how much of that amount are you entitled to deduct. The payoff letter, if any, would be for your records only.

Will I receive a particular tax form from the Department of Education if I paid off my loans this year?

Thank you! I just wanted to make sure I wasn't still waiting on any other form then the 1098 I already received for the interest.
Coleen3
Intuit Alumni

Will I receive a particular tax form from the Department of Education if I paid off my loans this year?

You're welcome

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