Student Loan Interest

If you are making student loan payments, your lender will send you a form 1098-E.

The amount of interest you paid on your student loans for the year is on form 1098-E, box 1.

The maximum amount of student loan interest you can claim is $2,500 per year.

Put lower of your actual interest paid or the $2,500 maximum on Line 18.

Back to Step 5: Adjustments to Income