Student loan interest will be reported to you on Form 1098-E Student Loan Interest Statement. When you report this in the TaxAct program, the information is transferred to Schedule 1 (Form 1040) Additional Income and Adjustments to Income, Line 20.

To report Form 1098-E in the TaxAct^® program:

1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
2. Click the Education dropdown, then click Student loan interest.
3. Continue with the interview process to enter your 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 webpage or document at the time it is accessed.