https://ttlc.intuit.com/community/college-education/discussion/i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-any/01/1684067#M34571 Wed, 15 Jul 2020 02:34:29 GMT diobutler1 2020-07-15T02:34:29Z https://ttlc.intuit.com/community/college-education/discussion/i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-any/01/1684067#M34571 Wed, 15 Jul 2020 02:34:29 GMT https://ttlc.intuit.com/community/college-education/discussion/i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-any/01/1684067#M34571 diobutler1 2020-07-15T02:34:29Z https://ttlc.intuit.com/community/college-education/discussion/re-i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-an/01/1684222#M34572 <P>Reach out to the entity managing your loan to see if they have included a 1098-E in your account. You may have to download it from your online loan account.&nbsp;</P> Wed, 15 Jul 2020 02:51:05 GMT https://ttlc.intuit.com/community/college-education/discussion/re-i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-an/01/1684222#M34572 GiseleD 2020-07-15T02:51:05Z https://ttlc.intuit.com/community/college-education/discussion/re-i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-an/01/1685607#M34589 <P>And...paying off your student loan is not what you enter on a tax return.&nbsp; Only the<U> interest</U> you paid for the loan can be deducted.&nbsp; You get no deduction for paying the principal.</P> Wed, 15 Jul 2020 06:23:35 GMT https://ttlc.intuit.com/community/college-education/discussion/re-i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-an/01/1685607#M34589 xmasbaby0 2020-07-15T06:23:35Z https://ttlc.intuit.com/community/college-education/discussion/re-i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-any/01/1685952#M34591 <P>What do I do to get credit?</P> <P>&nbsp;</P> <P>There is no education credit or deduction for paying off your loan. You claim the&nbsp;education credit or deduction at the time the loan money was used to pay tuition and other qualified expenses.&nbsp;</P> <P>&nbsp;</P> <P>You are allowed to deduct the interest you pay, each year (up to $2500). The deduction is technically an adjustment to income, meaning you get the deduction even if you don't itemized deductions.&nbsp; That is, the student loan interest deduction is in addition to the standard deduction.&nbsp;</P> <P>&nbsp;</P> <P>The loan company is required to issue a form 1099-E, showing the interest you paid for 2019.&nbsp; But, you can use your own records if you don't have&nbsp; one. There's a possibility that you didn't pay any interest, if DOE accepted a settlement that was less that what was owed.&nbsp;</P> Wed, 15 Jul 2020 11:27:21 GMT https://ttlc.intuit.com/community/college-education/discussion/re-i-have-paid-off-my-student-loan-with-the-us-department-of-education-but-i-haven-t-received-any/01/1685952#M34591 Hal_Al 2020-07-15T11:27:21Z