Skip to main content

1 reply

RayW7
February 4, 2021

In TurboTax go to:

 

1. Personal Income

2. Deductions and Credits

3. Education

4. Scholarships, student loans, tuition (1098-E and 1098-T)

5. click Visit All and TurboTax will guide you 

 

What is the 1098-T form?

Tuition-paying students at eligible colleges or other post-secondary institutions should receive a copy of Internal Revenue Service Form 1098-T from their school each year.  Eligible institutions include most colleges, universities, and vocational schools that are eligible to participate in the Department of Education’s student aid programs. This form provides information about educational expenses that may qualify the student—or the student's parents or guardian, if the student is still a dependent—for education-related tax credits.

Who gets the 1098-T form?

Schools must send Form 1098-T to any student who paid "qualified educational expenses" in the preceding tax year. Qualified expenses include:

  • tuition,
  • any fees that are required for enrollment,
  • and course materials required for a student to be enrolled.

If someone else pays such expenses on behalf of the student (like a parent), the student still gets "credit" for them and receives the 1098-T. Schools must send the form to the student by January 31 and file a copy with the IRS by February 28.