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CORRECTEDTuition StatementForm 1098T (keep for your records) www.irs.gov/form1098t Department of the Treasury Internal Revenue Serve
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How to fill out 1098-tkeep for your recordswww

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How to fill out form 1098-tkeep for your

01
Gather all necessary information and documents such as your personal details, educational institution details, tuition expenses, scholarships, grants, and any other relevant financial information.
02
Make sure you have your Form 1098-T from the educational institution you attended. This form will provide the necessary information about your tuition payments and scholarships.
03
Carefully review the instructions and guidelines provided by the IRS for filling out Form 1098-T.
04
Enter your personal information, including your name, address, and Social Security number, in the appropriate sections of the form.
05
Enter the educational institution's information, including their name, address, and taxpayer identification number (TIN), in the designated fields.
06
Report the amounts paid for qualified tuition and related expenses in Box 1 of the form. This information should be provided on your Form 1098-T.
07
Report any scholarships or grants received in Box 5 of the form. Again, this information will likely be provided by your educational institution on the Form 1098-T.
08
Complete any other applicable sections of the form as instructed, such as reporting adjustments for prior years or any reimbursements received.
09
Double-check all the information entered on the form to ensure accuracy and completeness.
10
Submit the completed Form 1098-T to the IRS by the designated deadline, either electronically or by mail.

Who needs form 1098-tkeep for your?

01
Students who paid qualified tuition and related expenses to an eligible educational institution may need Form 1098-T to claim educational tax credits such as the American Opportunity Credit or the Lifetime Learning Credit.
02
Parents or guardians who are claiming educational tax credits on behalf of their dependent students may also need Form 1098-T.
03
Educational institutions providing higher education need to furnish Form 1098-T to their eligible students, as required by the IRS.

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Form 1098-T is used to report tuition payments made by students or their parents in a given tax year.
Educational institutions are required to file Form 1098-T for students who paid qualifying tuition and related expenses.
To fill out Form 1098-T, educational institutions must provide details on the student's tuition payments and related expenses.
The purpose of Form 1098-T is to help students or their parents claim education-related tax benefits.
Form 1098-T must include the student's name, address, taxpayer identification number, and the amount of qualified tuition and expenses paid.
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