by anywho is feeling pretty on August 15th, 2009

anywho is feeling pretty

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What is the 1098-E form, and does it mean that I get the interest back that I paid on student loans. Thanks : )

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  • by Sherri on August 15th, 2009

    Sherri

    Yes, the interest you paid on your student loan is deductible (an adjustment to income to the front of From 1040) BUT it is subject to phase out (depends on your income!): too high of income and you lose the adjustment! You'll get the 1098E in January sometime.

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