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1098-T, do I have to file?

All my tuition is covered by the California College Promise Grant, on top of that I received a $1k pell grant. Do I have to file 1098-T? I want to file my taxes asap as I need the money, I am an independent student, and I don't want to wait until February when the school finally sends out the forms. If I do not have to file a 1098-T, do I still have to wait until I get it in order to file my taxes?

 

Thank  you in advance.

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HelenC12
Expert Alumni

1098-T, do I have to file?

Yes, you should wait to file your income tax return to include form 1098-T(tuition). To enter your 1098-T, click here.

 

If your grant/scholarship amount (box 5) is more than your tuition (box 1/box 2) you may need to report it because excess scholarship money may be treated as taxable income on your return. See Why is my scholarship taxable?

 

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1 Reply
HelenC12
Expert Alumni

1098-T, do I have to file?

Yes, you should wait to file your income tax return to include form 1098-T(tuition). To enter your 1098-T, click here.

 

If your grant/scholarship amount (box 5) is more than your tuition (box 1/box 2) you may need to report it because excess scholarship money may be treated as taxable income on your return. See Why is my scholarship taxable?

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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