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1098-T

I recently received my 1098-T for my final semester of College that was completed in Fall of 2025. I received $21,096 in financial aid according to my records for Fall of 2025 semester. My Box 5 states I received $40,805 and I do not have a mark for box 7. My box 1 states I paid $21,041 which is not the total expenses I was charged for for the 2025 Fall semester. 

 

In short this is saying I received near double to aid I actually did, I reached out to my College to see if there if they can fix my 1098-T, as I only received the $21,096 for the fall 25 semester. my 1098-T from 2024 did have the mark in box 7. 

 

What are the best numbers to file with if I don't receive a corrected 1098-T from my institution?

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2 Replies
CesarJ
Employee Tax Expert

1098-T

A 1098 T often does not reflect what you actually paid or received in a single semester. It reports amounts billed and iad posted during a calendar year, not strictly by term. That's why Box 5 can appear higher than the aid you applied for Fall 25, and why Box 7 may be unchecked.

 

You were correct to contact the school, but if not correction is issued, filing in TurboTax based on the information in the 1098T is acceptable and compliant.

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1098-T

So It should have both semester that were billed/paid in 2025 in Box 1? , because at the current moment it seems to only reflect one of these semesters. 

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