Student loan interest will be reported to you on Form 1098-E Student Loan Interest Statement, and is deducted on Schedule 1 (Form 1040) Additional Income and Adjustments to Income, Line 20.
To enter this form into the TaxAct program:
- From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
- Click Education in the Federal Quick Q&A Topics menu to expand, then click Student loan interest.
- Continue with the interview process to enter all of the appropriate information.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.