Student loan interest is reported on Schedule 1 (Form 1040), Line 20 and will be reported to you on Form 1098-E. To enter this form in the TaxAct® program, please follow the steps below:
- From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then choose Federal.
- Click Education in the Federal Quick Q&A Topics menu to expand the category and then click Student loan interest
- The program will proceed with the interview questions for you to enter or review the appropriate information