Form 1098-T

Form 1098-T, Tuition Statement, is an American IRS tax form filed by eligible education institutions (or those filing on the institution's behalf) to report payments received and payments due from the paying student.

The institution has to report a form for every student that is currently enrolled and paying qualifying tuition and related expenses.

Qualified tuition and educational expenses include:[3] Qualified tuition and educational expenses do not include: There are several instances in which a 1098-T form doesn't need to be filed for a particular student:[5] Form 1098-T requires several lines of identification, including the filer's name, address, phone number, and tax identification number, as well as the same information for the student.

The first 1098-T form only had four boxes, two blank ones that required no entry, and two checkboxes for part-time and graduate students.

In March 2015, a report[12] released by the Treasury Inspector General for Tax Administration revealed that taxpayers were erroneously claiming over five billion dollars in education credits.