File IRS Form 1098-E Online
File your student loan interest forms with E-File Workforce Payroll to experience the best filing experience.
What is 1098-E?
The 1098-E form is specifically for students who take loans for higher education and pay interest on that loan. Any amount paid in interest with a maximum of $2,500 can be deducted when filing taxes.
Tax Deduction Criteria for 1098-E:
As we know, the 1098-E is for students who take responsibility for their education and pay interest on education loans. So, here are the criteria for these tax deductibles:
- You must be paying interest on a qualified student loan, obviously.
- You are legally obligated to pay interest on the loan.
- Filing status must not be married filing separately.
- You and your spouse (if married) should not be claimed as dependent on someone’s tax documents.
- Your income must fall under MAGI (Modified Adjusted Gross Income) by the IRS.
Note: Criteria are taken from the IRS’s official website. Please refer to the primary source for updated information.
When Must You File Form 1098-E?
If you are a financial institution, governmental unit, or educational institution that receives $600 or more in student loan interest from an individual during the year, you are required to:
- Generate Form 1098-E: Provide Copy B to the borrower by February 2, 2026.
- File with the IRS: Submit Copy A electronically by March 31, 2026.
- Paper Filing: It should be submitted before March 2, 2026 (if filing fewer than 10 forms).
It is better to submit your 1098-E through e-filing, as the IRS appreciates Form 1098 online filing. Further, it will be much easier to file through an online platform.
Process of Filing Via E-File Workforce Payroll:
Filing through our E-Filing platform is very intuitive and fast. Generally, you won’t need any step-by-step guides once you log in.
- Make an account on E-File Workforce Payroll by providing the necessary details.
- Login to your account and click on files from the left menu.
- From the drop-down menu, choose “Start New Filing.” Select the filing year and form.
- A form will appear on the screen. Provide all the details and submit.
There you have it! Your file is submitted, and you can repeat this process for multiple forms. Before filing, you may also need to review related IRS forms such as 1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, W-2, or Form 941, depending on your income sources.
Have Questions?
Simpler than you think!
Need Help? (Frequently Asked Questions):
Both forms are from the same category and are used for tax benefits. However, these are different in terms of usage. Form 1098-E is for students who get loans from qualified student loan providers, and Form 1098-T is for students who pay tuition fees and get tax credits for them.
You will get it from your student loan provider. It will be mailed to you or sent online. Generally, you will get it in January. However, if you haven’t got yours, you can contact the loan provider.
The information for 1098-E goes on schedule 1 (form 1040). The information is then verified from the submitted copy of 1098-E.
The IRS allows taxpayers to deduct up to $2,500 of student loan interest.
Yes! If you provide educational loans as part of your business, you can use our platform to generate, print, and e-file 1098-E forms for a single recipient or thousands.
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