Is the interest paid on 1098 E a Itemized deduction or a credit on the 1040 return
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The student loan interest deduction is a deduction from taxable income. It is shown on line 33 of Schedule 1 (form 1040). The total of all adjustments to income on line 36 of Schedule 1 is then deducted from your Adjusted Gross Income shown on line 7 of form 1040.
The student loan interest deduction is a deduction from taxable income. It is shown on line 33 of Schedule 1 (form 1040). The total of all adjustments to income on line 36 of Schedule 1 is then deducted from your Adjusted Gross Income shown on line 7 of form 1040.
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