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Understanding Your 1098T(A)(B)(1)New York University Office of the Bursar 105 E. 17th Street, 3rd Floor New York, NY 10003(2) (2)(C)(3)(D)(8)(4)(5)(6)(7)(9)(10)Legend: See the box descriptions below

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What is understanding your 1098-t?

Understanding your 1098-T involves interpreting and using the information provided on the form 1098-T, which is used for reporting tuition payments and related expenses for tax purposes.

Who is required to file understanding your 1098-t?

Students who paid qualified educational expenses during the tax year and are seeking education-related tax benefits may need to file their 1098-T form.

How to fill out understanding your 1098-t?

To fill out your 1098-T form, you will need to collect the information provided by your educational institution, including the amounts paid for qualified tuition and related expenses. This information will be used to report on your tax return.

What is the purpose of understanding your 1098-t?

The purpose of understanding your 1098-T is to accurately report eligible education-related expenses to the IRS, which allows students to claim education tax benefits like the American Opportunity Credit or the Lifetime Learning Credit.

What information must be reported on understanding your 1098-t?

The 1098-T form typically reports the amounts paid for qualified tuition and related expenses, as well as any scholarships or grants received during the tax year.

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