Financial Services

1098-T Tax Information

The IRS offers a number of Tax Benefits for Education. IRS Publication 970 provides information about the various benefits and qualification requirements.  IRS Form 8863 or IRS Form 8917 is required to claim these benefits.  As required by the Internal Revenue Service (IRS), the 1098-T tax form is provided by January 31st to all students who had qualified tuition and other related educational expenses billed to them during the previous calendar year. Educational institutions are required to send a copy of the 1098-T Tax Form to the IRS to assist taxpayers and the IRS in determining the amount of qualified tuition and related expenses.

The 1098T form is informational only and should not be considered tax advice.