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Everything You Need to Know About IRS Form 1098-T
What is Form 1098-T?
Form 1098-T is the IRS tuition statement provided by colleges, universities, and other eligible postsecondary institutions. It shows the amounts paid (or billed, depending on the institution’s reporting method) for qualified tuition and expenses in a given tax year.
Who receives Form 1098-T?
- Students enrolled in eligible colleges or universities.
- Parents or guardians who claim the student as a dependent may also use it when filing taxes.
- International students may receive it but eligibility for credits depends on residency status.
Why is Form 1098-T important?
- Provides data needed to calculate education credits
- Helps students/parents track scholarships and grants.
- Ensures compliance with IRS requirements for educational tax benefits.
When is Form 1098-T issued?
Educational institutions must provide students with Form 1098-T by January 31 following the tax year.
How to use Form 1098-T
- Review the tuition and scholarship amounts.
- Use it with IRS Form 8863 to claim education credits.
- Retain it for your records even if you don’t claim a credit.
Common mistakes to avoid
- Confusing the 1098-T with receipts; only certain tuition/fees qualify.
- Forgetting to coordinate scholarships with claimed tuition expenses.
- Assuming receipt of the form automatically qualifies for credits.
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Used ZenDocs to split up a 100-page policy doc into smaller team manuals. It was quick, intuitive, and didn't crash once – even with that massive file.
Compiled my speaker bio, session outline, and visual aids into one file for a conference. ZenDocs let me combine them fast and add bookmarks for each section. This made navigating during my talk so much easier. I even re-uploaded the final version to make a few changes – every step was smooth. Really appreciated how consistent the UI was.
I needed to add quick comments to student feedback forms and the annotate pdf feature on zen docs made it painless. No crashes, super clean interface – definitely easier than Adobe's bloated editor.
ZenDocs has the cleanest interface I've used. Edited a PDF proposal, reordered some sections, and exported without hassle. It just works.
I was skeptical about editing pdfs on my phone, but Zendocs made it work smoothly. Filled out a freelance w9 while waiting for my coffee. No issues at all.
I'm a screenwriter and mark up my drafts often. Tried the annotate pdf tool here – it was actually pleasant to use. Notes stuck where I placed them, colors were clear, and export kept everything intact. Beats printing 80 pages every time.
Used ZenDocs to split up a 100-page policy doc into smaller team manuals. It was quick, intuitive, and didn't crash once – even with that massive file.
Compiled my speaker bio, session outline, and visual aids into one file for a conference. ZenDocs let me combine them fast and add bookmarks for each section. This made navigating during my talk so much easier. I even re-uploaded the final version to make a few changes – every step was smooth. Really appreciated how consistent the UI was.
I needed to add quick comments to student feedback forms and the annotate pdf feature on zen docs made it painless. No crashes, super clean interface – definitely easier than Adobe's bloated editor.
ZenDocs has the cleanest interface I've used. Edited a PDF proposal, reordered some sections, and exported without hassle. It just works.