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Form 1098-E

What is Form 1098-E?

Form 1098-E is used to report the interest amount that the taxpayers paid on student loans in a calendar year during a tax year.

Companies use IRS Form 1098-E to report how much the filer paid in interest. The $600 threshold applies to each borrower regardless of the number of student loans obtained by that borrower. Form 1098-E is filled by a financial institution, governmental unit, subsidiary agencies, or educational institution, this may include anyone who may receive an interest in a student loan of $600 or more within the year in the course of their trade school or business.

How to File IRS Form 1098-E?

Information required to file Form 1098-E,

- Taxpayer's (RECIPIENT/BORROWER) information
- Account number
- Student Loan Interest

The filer may use Form W-9 S, this form can be requested to obtain the students’ or borrower’s name, address, taxpayer identification number, and student loan certification. This information is used when filing Form 1098-E or 1098-T. The use of Form W-9S is optional; the filer may collect the information by using their forms, such as admission or enrolment forms, or financial aid applications.

Filer Instructions

Box 1: Student Loan Interest Received by Lender
Box 2: Checkbox

Who can use Form 1098-E?

Common payers,

- An eligible educational institution that is a governmental unit
- An agency
- Instrumentality of a governmental unit

If another filer receives or collects payments of qualified tuition and related expenses on their behalf, the other person must file Form 1098-T. Form 1098-E obtains three copies of the forms one copy will be sent to the IRS the second copy is for the Borrower and the third copy is for the recipient.

Tax2efile is equipped to help you handle numerous filing requirements and we will be happy to help you do your filling. We also offer printing and mailing services to complete the process for you.

Form 1098-E deadline?

Filing Type	Deadline (Due Date 2022)
Recipient copy	January 31, 2022
IRS Paper Filing	February 28, 2022
IRS Electronic Filing	March 31, 2022

Note: If the due date/deadline falls on a Saturday, Sunday, or a public holiday, you will need to E-file on the next business day.

Tax2efile is equipped to help you handle numerous filing requirements and we will be happy to help you do your filling. We also offer printing and mailing services to complete the process for you.

1098-E Form

Register for free to E-file Form 1098-E, 1098-MORT, 1098-F, 1098-Q, 1098-C, and 1098-T with Tax2efile or Call us at 703-229-0326 for assistance on filing your 1098 taxes online.