What is a 1098-T?

Modified on Tue, 21 Feb 2023 at 10:27 AM

The 1098-T is a Tuition Payment Statement. Colleges and universities are required to issue it so that students may determine their eligibility for education tax credits when preparing their federal income tax return.  The form reports the amount paid by you to the University during the previous calendar year. Receiving a 1098-T does not mean you are necessarily eligible for an education tax credit. To determine your eligibility, contact your tax advisor or visit the IRS website at https://www.irs.gov/credits-deductions/individuals/education-credits-aotc-llc .

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article