1098-T form question

Forum|Forum|2 years ago
December 9, 2023
2 replies
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Hello,

I Graduated from College about a year and a half ago, but I am still paying Student loans and was wondering if I am still eligible for a 1098-T form i received one last year will I get one this year? I know I am eligible for the 1098-E form but am i still eligible for 1098-T

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xmasbaby0

Employee

No. If you graduated, you are not going to receive a 1098T for paying tuition, etc. You will receive a 1098E for your student loan, and you can enter the interest you paid for the loan.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Hal_Al

Employee

Q. I Graduated from College about a year and a half ago, but I am still paying Student loans. Am I still eligible for a Tuition/Education Credit.

A. No. To be eligible for an education tax credit, you must have taken the class and paid for it in the same tax year.* So, back when you were taking classes, you (or your parents) were eligible for a credit, even if you were paying for it with money from student loans.

*There is one exception: if you pay, in 2023, for classes starting early in 2024, you may claim the tuition credit on your 2023 tax return.