What is Form 1098-T?
Form 1098-T, Tuition Statement reports the amount of qualified education expenses paid by the student during the tax year. If you paid tuition for higher education, you should receive your 1098-T by mid-February (contact your school if you still don't have it by then).
Your 1098-T may qualify you for education-related tax benefits like the American Opportunity Credit, Lifetime Learning Credit, or the Tuition and Fees Deduction. If you qualify for more than one benefit, the TurboTax Education Optimizer will automatically select the one that gives you the biggest federal tax benefit. However, you can manually override our selection.
Don't be concerned if the info on your 1098-T form seems off – this is quite common, especially for boxes 1 and 2. Just enter your 1098-T "as is" and we'll give you an opportunity to correct the information.
- Where do I enter Form 1098-T?
- Education Benefits for Tax Year 2014
- How do I override the TurboTax Education Optimizer selection?