IRS Form 1098-E 2019 Student Loan Interest Statement

What Is a 1098-E Form?

IRS Form 1098-E, Student Loan Interest Statement (also known as the School Tax Form or the College Tax Form), is a form that reports the interest amount that was paid on qualified student loans during the calendar year when the amount exceeds $600. It is filed with the Internal Revenue Service (IRS) by a lending person or a lending institution, which may be either a financial or an educational institution, a governmental unit or a subsidiary agency, among others. The IRS is the department that issues this form every year.

How Do I Get My 1098-E Tax Form?

If you are an eligible financial institution or person, you may get an official IRS 1098-E Form Copy A to be filed with the IRS by placing an order through the IRS website to receive it in the mail. Copies B and CA of the fillable Form 1098-E are available below or in a PDF format on the IRS website. They may be downloaded, printed, and used to furnish the statement to the borrower.

If you are a student loan borrower, you will receive a copy of this form by the lending institution or person, as long as your interest payment amount during the calendar year adds up to at least $600 on one or more qualified student loans.

What Is a 1098-E Tax Form Used for?

A 1098-E tax form may be used by a student loan borrower to deduct the interest amount paid on their income tax return for the previous year. However, they may not be able to deduct the total amount reported on this student loan tax return. For more information, see IRS Publication 970, as well as Form 1040 Instructions.

IRS Form 1098-E Instructions

The IRS provides separate Instructions for Form 1098-E. The $600 minimum amount applies to each borrower regardless of the number of student loans obtained by that borrower. However, the financial institution or person may file a separate Form 1098-E for each borrower's student loan or one Form 1098-E for the interest from all student loans of the borrower.

Note that if more than one person is involved with the loan, only the first person to receive the interest payment (i.e. a collection agent who receives payment on behalf of the lender) must file Form 1098-E.

The financial institution or person is required to furnish a copy of this form, on paper or electronically, to the borrower. The due date for providing the student loan borrower with this form is January 31, 2020.

Financial institutions or persons must file electronically if they need to file 250 or more returns. Forms 1098-E on paper shall be filed by February 28, 2020, or March 31, 2020, if filed electronically. Late filing penalties shall apply if the lender fails to file a correct information return by the due date providing no reasonable cause. The penalties are below:

  • $50 per information return if you file within 30 days;
  • $110 per information return if you correctly file more than 30 days after the due date but by August 1; and
  • $270 per information return if you file after August 1 or you do not file required information returns.

Taxpayers who mail paper versions of their tax returns are required to enclose a Form 1096 with their Form 1098-E. It is possible to file information returns electronically via the IRS Filing Information Returns Electronically (FIRE) system or the IRS Affordable Care Act Information Returns (AIR) program.

IRS 1098-E Related Forms

Form 1098-E is part of the 1098 form series, which comprises a total of five forms, and all of them deal with deductions. The other versions of Form 1098 are the following:

  • IRS Form 1098, Mortgage Interest Statement. This is a form that reports the amount of interest and related expenses that an individual or sole proprietor paid on a mortgage during a tax year to estimate tax deductions.
  • IRS Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes. It details the donations of automobiles, boats, and airplanes made to charitable organizations, and it is filed and reported by the recipient organization, so that donor can claim a donation tax deduction.
  • IRS Form 1098-T, Tuition Statement. This statement informs the IRS about qualified tuition and related fees during the tax year. It can be used by the student to calculate education-related tax deductions and credits. It also reports any scholarships and grants received that may reduce the deductions or credits.
  • IRS Form 1098-Q, Qualifying Longevity Annuity Contract. This form is filed by the person who issues a contract intended to be a Qualifying Longevity Annuity Contract (QLAC), so that the annuity holder can claim distribution taxes deductions based on the income earned on top of the original investment.
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Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red,
similar to the official IRS form. The official printed version of Copy A of this IRS form is
scannable, but the online version of it, printed from this website, is not. Do not print and file
copy A downloaded from this website; a penalty may be imposed for filing with the IRS
information return forms that can’t be scanned. See part O in the current General
Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more
information about penalties.
Please note that Copy B and other copies of this form, which appear in black, may be
downloaded and printed and used to satisfy the requirement to provide the information to
the recipient.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red,
similar to the official IRS form. The official printed version of Copy A of this IRS form is
scannable, but the online version of it, printed from this website, is not. Do not print and file
copy A downloaded from this website; a penalty may be imposed for filing with the IRS
information return forms that can’t be scanned. See part O in the current General
Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more
information about penalties.
Please note that Copy B and other copies of this form, which appear in black, may be
downloaded and printed and used to satisfy the requirement to provide the information to
the recipient.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
8484
VOID
CORRECTED
RECIPIENT’S/LENDER’S name, street address, city or town, state or
OMB No. 1545-1576
province, country, ZIP or foreign postal code, and telephone number
Student
2019
Loan Interest
Statement
1098-E
Form
Copy A
RECIPIENT’S TIN
BORROWER’S TIN
1 Student loan interest received by lender
$
For
Internal Revenue
BORROWER’S name
Service Center
File with Form 1096.
Street address (including apt. no.)
For Privacy Act and
Paperwork Reduction
Act Notice, see the
City or town, state or province, country, and ZIP or foreign postal code
2019 General
Instructions for
Certain Information
Account number (see instructions)
2 Check if box 1 does not include loan origination fees
and/or capitalized interest, and the loan was made
Returns.
before September 1, 2004
.
.
.
.
.
.
.
1098-E
Cat. No. 25088U
www.irs.gov/Form1098E
Department of the Treasury - Internal Revenue Service
Form
D o N o t C u t or Se pa r a te F o r m s on T hi s P ag e — Do N o t C u t o r Se pa r at e F o r m s o n Th i s Pa ge
CORRECTED (if checked)
RECIPIENT’S/LENDER’S name, street address, city or town, state or
OMB No. 1545-1576
province, country, ZIP or foreign postal code, and telephone number
Student
2019
Loan Interest
Statement
1098-E
Form
Copy B
RECIPIENT’S TIN
BORROWER’S TIN
1 Student loan interest received by lender
$
For Borrower
BORROWER’S name
This is important tax
information and is being
furnished to the IRS. If
you are required to file a
return, a negligence
Street address (including apt. no.)
penalty or other
sanction may be
imposed on you if the
City or town, state or province, country, and ZIP or foreign postal code
IRS determines that an
underpayment of tax
results because you
overstated a deduction
Account number (see instructions)
2 If checked, box 1 does not include loan origination
for student loan interest.
fees and/or capitalized interest for loans made before
September 1, 2004 .
.
.
.
.
.
.
.
.
1098-E
(keep for your records)
www.irs.gov/Form1098E
Department of the Treasury - Internal Revenue Service
Form
Instructions for Borrower
Account number. May show an account or other unique
A person (including a financial institution, a governmental unit,
number the lender assigned to distinguish your account.
and an educational institution) that receives interest payments
of $600 or more during the year on one or more qualified
Box 1. Shows the interest received by the lender during the
student loans must furnish this statement to you.
year on one or more student loans made to you. For loans
made on or after September 1, 2004, box 1 must include loan
You may be able to deduct student loan interest that you
origination fees and capitalized interest received in 2019. If
actually paid in 2019 on your income tax return. However, you
your loan was made before September 1, 2004, you may be
may not be able to deduct the full amount of interest reported
able to deduct loan origination fees and capitalized interest
on this statement. Do not contact the recipient/lender for
not reported in box 1.
explanations of the requirements for (and how to figure) any
allowable deduction for the interest paid. Instead, for more
Box 2. If checked, indicates that loan origination fees and/or
information, see Pub. 970, and the Student Loan Interest
capitalized interest are not included in box 1 for loans made
Deduction Worksheet in your Form 1040 instructions.
before September 1, 2004. See Pub. 970 for how to figure any
deductible loan origination fees or capitalized interest.
Borrower’s taxpayer identification number (TIN). For your
Future developments. For the latest information about
protection, this form may show only the last four digits of your
developments related to Form 1098-E and its instructions,
TIN (social security number (SSN), individual taxpayer
such as legislation enacted after they were published, go to
identification number (ITIN), adoption taxpayer identification
www.irs.gov/Form1098E.
number (ATIN), or employer identification number (EIN)).
However, the issuer has reported your complete TIN to the
IRS.
VOID
CORRECTED
RECIPIENT’S/LENDER’S name, street address, city or town, state or
OMB No. 1545-1576
province, country, ZIP or foreign postal code, and telephone number
Student
2019
Loan Interest
Statement
1098-E
Form
RECIPIENT’S TIN
BORROWER’S TIN
1 Student loan interest received by lender
$
Copy C
For Recipient
BORROWER’S name
For Privacy Act and
Paperwork
Street address (including apt. no.)
Reduction Act
Notice, see the 2019
General
City or town, state or province, country, and ZIP or foreign postal code
Instructions for
Certain Information
Returns.
Account number (see instructions)
2 Check if box 1 does not include loan origination fees
and/or capitalized interest, and the loan was made
before September 1, 2004
.
.
.
.
.
.
.
1098-E
www.irs.gov/Form1098E
Department of the Treasury - Internal Revenue Service
Form

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