IRS Instruction 1098-E & 1098-T 2025 free printable template

The document provides instructions for filing Forms 1098-E (Student Loan Interest Statement) and 1098-T (Tuition Statement) for the year 2025, detailing eligibility, filing requirements, and the necessary

How to fill out irs form 1098 t instructions

How to fill out forms 1098-e and 1098-t

1. Obtain Form 1098-E from your loan servicer, which is usually provided each year if you paid interest on a student loan.
2. Ensure to include your personal information, such as your name, address, and Taxpayer Identification Number (TIN).
3. Verify the amount of interest paid throughout the year as stated in Box 1 of Form 1098-E.
4. If you are using Form 1098-T, contact your educational institution to receive this form, which shows qualified tuition and related expenses.
5. Fill in your personal information on Form 1098-T, which includes your name, address, and TIN.
6. Review the amounts reported in the boxes for qualified tuition and fees (Box 1) and any scholarships or grants (Box 5) to determine your eligible education tax credits.

Who needs forms 1098-e and 1098-t?

1. Any taxpayer who has paid interest on a qualified student loan needs Form 1098-E.
2. Students who have incurred qualified tuition and related expenses at eligible educational institutions need Form 1098-T.
3. Taxpayers seeking to claim education-related tax credits such as the American Opportunity Credit or Lifetime Learning Credit will require the information from Form 1098-T.

• Who Needs Instructions for Forms 1098-E and 1098-T?
• What are These Instructions for?
• Where Can I Find Forms 1098-E and 1098-T?
• • When were These Instructions Updated?
  • Do I Fill out These Instructions?
  • Where do I Send them?

Who Needs Instructions for Forms 1098-E and 1098-T?

All those who must file forms 1098-E and 1098-T, should consult this file. All the instructions have been carefully prepared by IRS officials and updated according to the changes for the 2016 tax year. They contain a section-by-section guide, mailing addresses, online resources for submitting the forms and due dates.

What are These Instructions for?

These instructions provide a guide for correct form-filling of 1098-E and 1098-T, Student Loan Interest Statement and Tuition Statement. There are 4 pages to answer any questions you might have while dealing with student loan interest and tuition statements.

Where Can I Find Forms 1098-E and 1098-T?

There are samples of Forms 1098-E and 1098-T. You can find them through your filler account. To start browsing the filler library, click Add new document and then Search document. Once you find it, you can fill it out immediately.

When were These Instructions Updated?

These instructions were updated according to IRS requirements for 2016.

Do I Fill out These Instructions?

You don’t need to write anything on these instructions. They are designed for your convenience. However, you can highlight important sections, put sticky notes on them and share valuable information found in this form with your colleagues.

Where do I Send them?

You don’t have to attach these instructions to anything or send them anywhere. They are meant for personal use only.

People Also Ask about 1098 t vs e

Do I need to include 1098-E with my tax return?

If you are paying off your student loans, you'll probably need to use Form 1098-E while completing your taxes. Generally, if you made student loan payments, you may be eligible to deduct a portion of the interest paid on your federal tax return.

How do I use Form 1098-E?

You use the 1098-E to figure your student loan interest deduction. You can deduct up to $2,500 worth of student loan interest from your taxable income as long as you meet certain conditions: The interest was your legal obligation to pay, not someone else's. Your filing status is not married filing separately.

Do I have to put my 1098-E on my tax return?

The IRS only requires federal loan servicers to report payments on IRS Form 1098-E if the interest received from the borrower in the tax year was $600 or more, although some federal loan servicers still send 1098-E's to borrowers who paid less than that.

How does 1098-E work?

The 1098-E tax form reports the amount of interest you paid on student loans in a calendar year. Loan servicers send a 1098-E to anyone who pays at least $600 in student loan interest.

Where can I get IRS instruction booklet?

Visit the Forms, Instructions & Publications page to download products or call 800-829-3676 to place your order.

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What is forms 1098-e and 1098-t?

Form 1098-E is used to report interest paid on student loans, while Form 1098-T is used to report qualified tuition and related expenses paid for students.

Who is required to file forms 1098-e and 1098-t?

Lenders who receive interest payments on student loans are required to file Form 1098-E. Educational institutions that receive tuition payments or charge qualified expenses are required to file Form 1098-T.

How to fill out forms 1098-e and 1098-t?

Form 1098-E is filled out by entering the borrower's information, the amount of interest paid, and the lender's information. For Form 1098-T, educational institutions enter the student's information, qualified expenses, and any scholarships or grants received.

What is the purpose of forms 1098-e and 1098-t?

The purpose of Form 1098-E is to provide information for taxpayers to claim education loan interest deductions, while Form 1098-T is to report qualifying education expenses for tax credits and deductions.

What information must be reported on forms 1098-e and 1098-t?

Form 1098-E must report the borrower's information, the lender's information, and the total interest paid during the year. Form 1098-T must report the student's information, amounts paid for qualified tuition and related expenses, and any adjustments made from previous years.