1098T

[mlcharley78]

Is it required to file a 1098T on taxes if the person filing separately as a dependent? 

[AmyC]

1098-T is an information form. It may need to be reported on the dependent's return for scholarship income. It can be reported for education credits on the return claiming the student.

If your income does not allow the credit, it is not necessary to file the form.

The IRS changed the limitations to claim Education credits. The phaseout for education credits is a modified AGI of:

• $80,000-$90,000 or
• $160,000- $180,000 MFJ

The IRS allows you to manipulate numbers by claiming where the money was spent.

For more, see Tax Benefits for Education: Information Center| IRS