FAQ ID # 2449 |
Why did I receive 1098-T. Last Update : 2017/01/11 Rating : Not Rated |
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Question / Issue |
Why did I receive a 1098-T form and what am I supposed to do with it? |
Answer / Solution |
Colleges and universities are required to issue the 1098-T form for the purpose of determining a student’s eligibility for the Hope and Lifetime Learning education tax credits. Receipt of the 1098-T form does not imply eligibility for the tax credit. Students and families should consult their tax advisor or IRS Publication 970, Tax Benefits for Education, to determine their eligibility. The 1098-T form is informational only and should not be considered as a tax opinion or advice. If you have questions about how to calculate your education tax benefit, you should consult your tax professional or refer to the IRS. |
Direct Link to This FAQ |
https://faqs.sinclair.edu/?f=2449 |
Tags |
tax taxes 1098-T 1098T IRS why receive supposed |