Hal_Al
Level 15

After you file

How will it affect our return?

A 1098-T could go either way. It could increase your refund or decrease it or have no effect.

The 1098-T is only any informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit  or possibly you have taxable scholarship income. 

If box 5 is more than box 1 (or box 2) you probably have taxable income. If Box 5 is less than box 1 or 2, you probably are eligible for a tuition credit.

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