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New Member
posted Jun 6, 2019 4:09:41 AM

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

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1 Best answer
Intuit Alumni
Jun 6, 2019 4:09:42 AM

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.

3 Replies
Intuit Alumni
Jun 6, 2019 4:09:42 AM

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.

New Member
Jun 6, 2019 4:09:44 AM

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.

Intuit Alumni
Jun 6, 2019 4:09:45 AM

You're welcome