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New Member
posted May 31, 2019 11:35:08 PM

1098e lowered my refund, why? do i have to report this form on my taxes?

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1 Replies
Intuit Alumni
May 31, 2019 11:35:10 PM

Claiming the student loan interest deduction lowers your income amount.  If doing so resulted in a smaller refund, then you most likely are seeing a change in a tax credit that is calculated based on your income.  One example of this type of credit is the Earned Income Credit. 

There is not a requirement to claim the student loan interest on your tax return.  Generally it is beneficial to do so, but it is not mandatory.