A form 1098-T, Tuition Statement, is used to help figure education credits (and potentially, the tuition and fees deduction) for qualified tuition and related expenses paid during the tax year. The Lifetime Learning Credit offers up to $2,000 for qualified education expenses paid for all eligible students per return.

Do I have to claim a 1098-T on my taxes?

It should not be considered as tax opinion or advice. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax credit. There is no IRS requirement that you must claim the tuition and fees deduction or an education credit.

What happens if I don’t claim my 1098-T?

If your school shut down during the year and didn’t send a Form 1098-T, you can still claim qualified educational expenses. You must have evidence that tuition and expenses were paid to the school. It’s possible that the IRS will contact you if you claim the credit without a Form 1098-T.

What do you need to know about Form 1098-T?

What is Form 1098-T? IRS Form 1098-T, Tuition Statement, contains information to assist the Internal Revenue Service (IRS) and you in determining if you are eligible to claim educational related tax credits. For more information on these credits, see IRS Publication 970 or consult your own tax advisor.

Can you still claim an education tax credit even without 1098-T?

An F-1 visa holder may not receive 1098-T due to the failure to report their current tax or residency status to the school, but the absence of 1098-T should not be a basis for denying a credit on a U.S. resident tax return. But whatever the reason, don’t panic. You can still get that education tax credit.

What happens if you change your address on a 1098-T?

If you elected to receive the 1098-T electronically, the address change does not impact you. The address shown on Form 1098-T is irrelevant for IRS income tax filing purposes.

What do I need to file Form 1098-T for College of DuPage?

College of DuPage must obtain your correct identifying number to file Form 1098-T with the IRS and to furnish a statement to you. This will be your Social Security Number (SSN) or, if you are not eligible to obtain an SSN, your Individual Taxpayer Identification Number (ITIN).