The Learning Center | DiMercurio Advisors

What is IRS Form 1098-T?

Written by John Kirkland | Jan 01, 2018

Understanding the purpose of a tax form or schedule is never a pleasant experience. That's why we created a comprehensive tax form library, showcasing the most frequently used tax forms and schedules you may encounter. We believe the process of staying compliant with your taxes should be as effortless as possible.

General Information

  • What is the form number?  Form 1098-T
  • What government agency is it filed with?  The Internal Revenue Service (IRS)
  • What is the form name?  Tuition Statement
  • What is this form about?  Form 1098-T is a document provided by educational institutions to students to report payments received and amounts billed for qualified tuition and related expenses. This form assists students and their families in determining eligibility for certain educational tax credits and deductions. By receiving and using the information from this form, students can ensure they are accurately claiming educational benefits on their tax returns.

What does it look like?

Resources

Looking for more information about this form?  Here are some helpful resources:

How can we help you today?

Looking for more information about this or other tax forms?  The tax team at DiMercurio Advisors are tax compliance experts.  We are passionate about ensuring you are well-informed and in control of your tax situation.