Swift will host the chat from Nashville at 5 p.m. EDT. Fans will be able to submit questions on Swift's website, social networking platforms and Ustream.tv.
Swift was recently ranked No. 3 on Forbes' list of the most powerful celebrities on social media. She has 7 million Facebook friends and 3.6 million Twitter followers.
"Fearless" was the top-selling album of 2009 and netted Swift every major award, including two Grammys.