Do I have to add interest from student loan if I don't itemize?

ecnerrot1973 — Wed, 05 Jun 2019 03:03:04 GMT

How do I add Form SSA-1099

You don't have to but you may want to report interest fro...

MargaretL — Wed, 05 Jun 2019 03:03:06 GMT

You don't have to but you may want to report interest from student loan since the student loan interest deduction is not part of your itemized deductions... it is a completely separate deduction that reduces your Adjusted Gross Income; it may be to your benefit to report it.

Student loan interest is deducted as follows:

Federal Taxes
Deductions & Credits
Education
Select Student Loan Interest Paid (Form 1098-E)

As to your second question, here's data entry for form SSA-1099:

Federal Taxes
Wages and Income
Scroll down to the Retirement Plans and Social Security
Select Social Security (SSA-1099, RRB-1099)

topic Do I have to add interest from student loan if I don't itemize? in Education

Do I have to add interest from student loan if I don't itemize?

You don't have to but you may want to report interest fro...