Understanding 1098T Tax Forms for College Students
Understanding 1098T Tax Forms for College Students
14.7K viewsFeb 9, 2023
TikTokgrowingwithgabby
What is the 1098-T form that your school sends you every year? Also known as a “tuition statement,” here is a quick rundown! Make sure to check out the IRS website for full details on how to use this form. #studenttaxes #1098t #taxseason #studenttips #collegehacks
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If you paid out of pocket for college, this is for you 👀 Every college sends a 1098-T tax form — and it could mean money back for parents and students. ✔️ Tuition paid by cash, check, payment plans, or loans may qualify ✔️ You could receive up to $2,500 per student ✔️ Even if your student didn’t work, you may still qualify 📌 Find your 1098-T in the student portal 📌 Give it to your tax preparer 📌 Ask about education tax credits Don’t leave college money on the table. #1098T #CollegeTaxes #Col
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