1098 t form-2025

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What is the 1098-T for? This form is informational only. It serves to alert students that they may be eligible for federal income tax education deductions or credits.
If you claim a dependent, only you can claim the education credit. Therefore, you would enter Form 1098-T and the dependents other education information in your return. If you do not claim a dependent, the student can claim the education credit.
Form 1098-T provides information about educational expenses that may qualify the studentor the students parents or guardian, if the student is still a dependentfor education-related tax credits.
If the parent is claiming the student as a dependent, it may be used on the parents tax return. If the student is filing independently, it may be used on their return. Its important to review the requirements to decide whos eligible to claim the education credits before filing your return.
The IRS Form 1098-T is an information form filed with the Internal Revenue Service. You, or the person who may claim you as a dependent, may be able to claim an education tax credit on IRS Form 1040 for the qualified tuition and related expenses that were actually paid during the calendar year.
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Its important to remember that the 1098-T is an information form only and does not directly define taxable income or eligibility for a credit. Students may need to provide copies of their bursar bill to their tax preparer to confirm the dates that stipends were refunded.
Only one person or a pair of spouses filing jointly may claim a student as a dependent. Even if your student files their own tax return for part-time wages, as long as they are under 24 years old and enrolled in school full-time, you may still be able to claim them as a qualifying child.
To answer simply, no, you do not get more benefits (refund) if you file Form 1098-T as income. In fact, the opposite may be true. Form 1098-T is used to report qualified tuition and related expenses paid by you or on your behalf to an eligible educational institution.

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