The honour follows a glittering few years for pop superstar, who broke her own sales record with her latest album, The Life of a Showgirl, in October.
Swift is the second-youngest inductee after Stevie Wonder, who was 33 when he joined, external.
Her key tracks to be recognised by the Hall of Fame include All Too Well (10 Minute Version) (Taylor’s Version), Blank Space, Anti-Hero, Love Story and The Last Great American Dynasty.
She was joined by her fiance, NFL star Travis Kelce, as rumours swirl that they will get married next month.
Other inductees joining this year included Alanis Morissette, Kenny Loggins and Kiss stars Gene Simmons and Paul Stanley.
Also joining were Christopher “Tricky” Stewart, who has written for Beyoncé, Rihanna and Katy Perry; Walter Afanasieff, known for his work with Mariah Carey; Terry Britten, whose songs include Tina Turner’s We Don’t Need Another Hero; and Graham Lyle, who was behind Turner’s What’s Love Got to Do with It?
Founded in 1969, the Songwriters Hall of Fame annually honours those “whose work represents a spectrum of the most beloved songs from the world’s popular music songbook”.
Fewer than 500 people have been invited in over the last 50 years.
Swift is one of the best-selling music artists of all time, having made 12 studio albums and four re-recorded “Taylor’s Versions” albums.
She is also the first performer to have won the Grammy Award for album of the year four times.
