Form 1098-E Student Loan Interest Statement: Fill & Download for Free

What taxes are you expecting a refund of?A person whose only connection to the United States is having previously been admitted to the United States as a nonimmigrant student has, once they’ve left the United States, no ongoing tax obligations to the United States. Furthermore, since you live and work abroad, you will not have any of your income subject to US withholding, and so there are no excess withholdings from your income to be refunded.Since a nonresident alien is not entitled to apply for or receive US federally-subsidized student loans, any student loans you may have obtained while you were a nonresident alien studying in the US are purely private loans. You are not entitled to any benefit from the United States in exchange for paying your private debts.Honestly, I do not understand this question. Why would anyone think they’re entitled to free money from the US government simply because they’re paying off a private debt?The OQ has clarified the question in details added since I first answered. Apparently, the OQ is being confused by receiving a Form 1098-E from her loan provider, and misunderstood the explanatory materials that accompany this form.This is IRS Form 1098-E. Every US entity that receives $600 or more in interest payments from a person on a qualified student loan in a given calendar year is required to send this form (or an IRS-acceptable substitute) to the person who made those payments.The form that is sent to the payer must also includes instructions for the recipient that must include this language:A person (including a financial institution, a governmental unit, and an educational institution) that receives interest payments of $600 or more during the year on one or more qualified student loans must furnish this statement to you. You may be able to deduct student loan interest that you actually paid in 2016 on your income tax return. However, you may not be able to deduct the full amount of interest reported on this statement. Do not contact the recipient/lender for explanations of the requirements for (and how to figure) any allowable deduction for the interest paid. Instead, for more information, see Pub. 970, and the Student Loan Interest Deduction Worksheet in your Form 1040 or 1040A instructions.US federal income tax law allows, in most situations, for individuals who pay interest on a “qualified student loan” to exclude some or all of their income that was used to pay that interest from their taxable income; basically, the income used to pay the interest on the loan is not subject to taxation. This will generally reduce one’s tax liability. There is, however, no provision for refunding any of the interest.The law requires these notices to be sent to every person who pays interests to a US entity, whether or not that person is a US taxpayer. Obviously, someone who is not a US taxpayer will be unable to gain any tax benefit from this provision (the US taxable income of someone who is not a US taxpayer is obviously zero), but the loan holder is still required to send the notice.It generally pays to read the instructions that comes with such forms closely, with full attention to detail.

A cosigner on a student loan is eligible to claim the student loan interest deduction. A cosigner is a coborrower, equally obligated to repay the debt.Per the regulations at 26 CFR 1.221–1(b)(1), “A taxpayer is entitled to a deduction under section 221 only if the taxpayer has a legal obligation to make interest payments under the terms of the qualified education loan.”Generally, the lender will send IRS Form 1098-E, Student Loan Interest Statement, only to the student borrower, not the cosigner.Payments by a third party, including the cosigner, are normally treated as though they were a gift to the borrower who then made the payments. However, the cosigner can claim the student loan interest deduction instead of the student borrower if the student borrower agrees.

There are several different kinds of forms designated as 1098.The base Form 1098 is a mortgage interest statement, provided to you by your mortgage holder. Many institutions have these available online; check with them.Form 1098-T is a statement provided by an institution of higher learning to a student showing the tuition paid and how much (if any) was offset by a scholarship. The institution should be able to provide you the information that was on the form.Form 1098-E is a statement provided to a recipient of a student loan by a lender showing how much interest was paid by that recipient. Again, the lender will often make these available online.There are a couple of other flavors of Form 1098, but those are far less common. While you can get the info from the IRS, it will probably be easier to get it from the source. Note that in most cases you don't actually have to have the form to claim the benefit, it just simplifies the process of matching up your return for the IRS when the information you enter matches what's on the form.