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Don't forget about the student loan interest deduction this year. The 1098-E form lays out how much interest you paid.
If you haven't gotten your 1098-E form yet, you should check with your student loan servicer. They are required to either mail you a copy or deliver one electronically. Individuals that opted for paperless billing may need to log into their loan accounts to see if the form is uploaded online.
Those with multiple servicers on different loans will get separate forms from each institution.
Not sure who your servicer is? The Department of Education advises you to call the Federal Student Aid Information Center at 1-800-433-3243 or visit their website at www.nslds.ed.gov.
If you do have your form, you may be wondering how much interest you can deduct.
Below are a few quick rules you should know about student loan interest:
For more information about your 1098-E form or for a more detailed explanation of student loan interest deductions visit the IRS website. You may also want to consult a tax attorney or preparer who can better advise you of your tax situation.
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