Get the free 1098-T – Tuition Statement

El formulario proporciona información sobre las cantidades facturadas por matrícula y gastos relacionados durante el año fiscal 2011 y otros detalles relacionados con becas y ayudas financieras.

How to fill out 1098-t tuition statement

How to fill out 1098-T – Tuition Statement

1. Obtain a copy of the 1098-T form from your educational institution.
2. Locate the 'Student Information' section and verify that your name and Social Security Number are correct.
3. Check box '1' to see the amount billed for qualified tuition and related expenses.
4. Review box '2' to confirm if any scholarships or grants were received, as this can offset your tuition costs.
5. Fill out the 'Educational Institution Information' section with the institution's name and tax identification number if not already done.
6. Add box '5' details if you received any scholarships or grants, indicating the total amount for the year.
7. Complete any additional relevant sections based on your personal educational situation.
8. Retain a copy for your records and send a copy of the form when filing your federal income tax return.

Who needs 1098-T – Tuition Statement?

1. Students enrolled in eligible educational institutions who have paid qualified tuition and related expenses.
2. Taxpayers who are claiming education-related tax credits, such as the American Opportunity Credit or the Lifetime Learning Credit.
3. Parents or guardians who claim students as dependents and pay for their tuition expenses.

People Also Ask about

Why don't I have a 1098-T form?

Not all students are eligible to receive a 1098-T. Forms will not be issued under the following circumstances: The amount paid for qualified tuition and related expenses* in the calendar year is less than or equal to the total scholarships disbursed that year.

Where can I get my 1098 mortgage statement?

Form 1098 is a tax document that homeowners will receive if they pay $600 or more in mortgage interest over the course of a year. 1 Your mortgage lender will send you a copy of Form 1098 so you can prepare to file your annual taxes.

How to get a 1098 statement?

Your student loan servicer (who you make payments to) will send you a copy of your 1098-E via email or postal mail if the interest you paid in 2022 met or exceeded $600. Even if you didn't receive a 1098-E from your servicer, you can download your 1098-E from your loan servicer's website.

For pdfFiller’s FAQs

What is 1098-T – Tuition Statement?

The 1098-T – Tuition Statement is a tax form issued by eligible educational institutions to report information about students' qualified tuition and related expenses for the calendar year.

Who is required to file 1098-T – Tuition Statement?

Eligible educational institutions that receive payments for qualified tuition and related expenses, and enroll students must file the 1098-T form for each student who qualifies.

How to fill out 1098-T – Tuition Statement?

To fill out the 1098-T form, educational institutions need to provide information such as the student's name, address, Social Security number, the institution's name, the amount of qualified tuition and related expenses, and any scholarships or grants related to these expenses.

What is the purpose of 1098-T – Tuition Statement?

The purpose of the 1098-T – Tuition Statement is to provide students and the IRS with information regarding education expenses, allowing students to potentially benefit from education tax credits such as the American Opportunity Credit or Lifetime Learning Credit.

What information must be reported on 1098-T – Tuition Statement?

The 1098-T must report the following information: the institution's name and address, the student's name and address, the student's Social Security number (if applicable), the amount of qualified tuition and related expenses billed, any scholarships or grants received, and any adjustments to prior year amounts.