1098-T form: I have more from scholarships than tuition costs, should I report it?

Answer You do not need to send this information unless you received gift money (grant or scholarship) that exceeds your total cost of education which includes tuition, fees, books, room & board if applica... Read More »

Top Q&A For: 1098-T form: I have more from scholarships than...

Are tuition reimbursement plans keeping up with rising tuition costs?

Companies must cap tuition reimbursement at $5,250 because of IRS regulations. The rules can prevent the reimbursement plans from keeping pace with rising tuition costs since the IRS limit would ne... Read More »

What Is an IRS Form 1098-T?

A form 1098-T is a Tuition Statement issued to a student each tax year by an eligible educational institution such as a college or university. The form is an informational document that identifies ... Read More »

What is a 1098 tax form?

Form 1098 documents mortgage expenses that a taxpayer pays during the year, including mortgage interest, discount points and mortgage insurance premiums. This form is needed for taxpayers who wish ... Read More »

What is IRS Form 1098?

Of the many IRS tax forms, banks and other lending institutions use Form 1098 to report annual mortgage interest over $600. The mortgage must be "secured primarily by real property," according to t... Read More »