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E-File IRS Form 1098-E Online
A simple solution for financial institutions, government entities, and
educational institutions to file Form 1098-E and distribute recipient copies.
Why Choose TaxBandits?
- Secure & Error-Free Filing
- IRIS Business Rules Validation
- USPS Address Validation
- Distribute recipient copy through Postal Mail or Online Access portal
-
Supports Multiple Tax Years (2024,
2023 & 2022) - Phone, E-mail & Live Chat Support
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Form 1098-E: Key Insights
- Form 1098-E must be filed by financial institutions, governmental units, educational institutions, or any other entity that receives $600 or more in student loan interest from an individual during the year.
- The $600 threshold applies separately for each borrower, irrespective of how many loans they have. However, you can either file one Form 1098-E for the total interest from all loans or separate forms for each individual loan.
1098-E Deadline for 2024 Tax Year
| Electronic Filing | Recipient Copy Distribution |
|---|---|
| March 31, 2025 | January 31, 2025 |
What information is Required to File Form 1098-E?
- 1. Lender/Recipient Info: Name, address, and TIN.
- 2. Borrower Info: Name, address, TIN, and account number.
- 3. Payment Info: This includes the total student loan interest received from the borrower during the tax year.
Get Started with TaxBandits to e-file your Form 1098-E in minutes!
How to E-file Form 1098-E with TaxBandits?
Select Form 1098-E, choose the appropriate tax year, and proceed. With TaxBandits, you can file Form 1098-E for the current (2024) and previous tax years (2023, 2022).
Enter the required information on Form 1098-E manually or bulk upload through standard CSV templates.
You can select how you'd like to distribute recipient copies—by mail, online access, or with the BanditComplete option, which offers both.
Review the information entered on Form 1098-E and make necessary changes if needed.
After reviewing the form, transmit the completed Form 1098-E to the IRS.
Tailored Features for Effortless E-Filing of Form 1098-E
Address Book
Enter your payer and recipient details just once, securely store them, and easily access the information for future filings.
Internal Audit Check
Our advanced error-check system automatically reviews your 1098-E forms for common errors to ensure they are complete and accurate.
TIN Validation
Verify accuracy by validating TINs against the IRS database, ensuring correct e-filing of Form 1098-E.
Download Form Copies
With TaxBandits, you can quickly download and print copies of your submitted
1098-E forms.
Recipient Copy Distribution
TaxBandits distributes 1098-E copies to recipients through postal mail or an online access portal.
Supports Multiple Tax Years
TaxBandits supports filing for current (2024) and prior year filings (2023 & 2022).
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Frequently Asked Questions on Form 1098-E
What is IRS Form 1098-E?
Form 1098-E is the Student Loan Interest Statement. This IRS tax form is used to report the interest of $600 or more on student loan payments. Financial institutions are required to file this form with the IRS and distribute copies to their borrowers. To be reported, the loan must be subsidized, financed, or guaranteed as a student loan from a government agency. Otherwise, it must be a loan that is used only towards higher education expenses.
When is the deadline to file Form 1098-E for the 2024 tax year?
The deadline to distribute recipient copies to borrowers is January 31, 2025. The deadline to file Form 1098-E by paper with the IRS is February 28, 2025. The Form 1098-E electronic filing deadline is on March 31, 2025.
Note: If the deadline falls on a weekend or federal holiday, the deadline is switched to the next business day.
What are the Form 1098-E copies?
The IRS Form 1098-E has two copies, which include:
- Copy A is to be filed with the IRS
- Copy B is for the borrower
What is the difference between 1098-E and 1098-T?
Understanding the key differences between Form 1098-T and 1098-E is crucial for tax filing. The 1098-E is an IRS tax form that reports the loan interest that borrowers have paid on their student loans throughout the year. Conversely, the 1098-T is a form of educational institution that reports qualified tuition and related expenses paid by students.
