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    darknlovely17's Avatar
    darknlovely17 Posts: 3, Reputation: 1
    New Member
     
    #1

    Feb 8, 2011, 07:59 AM
    Taxes
    I am a us citizen and received a 1098 t thank you.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
     
    #2

    Feb 8, 2011, 08:29 AM
    Quote Originally Posted by darknlovely17 View Post
    I am a us citizen and recieved a 1098 t thank you.
    Wonderful... but what's your question? What you made was a statement.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #3

    Feb 8, 2011, 09:34 AM

    You receive a 1098-T from your college or university to document tuition or other expenses that you may be able to claim an education credit on your tax return. They also send a copy to the IRS. You don't need to actually report anything from the 1098-T on your return, but if you claim an education credit this document provides proof to the IRS that you're justified.
    Jaykid007's Avatar
    Jaykid007 Posts: 74, Reputation: 1
    Junior Member
     
    #4

    Feb 19, 2011, 10:06 PM
    You file taxes? If so, report that under Education Credits.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #5

    Feb 19, 2011, 10:18 PM

    If you are not a dependent you may be able to get education credit. If you are a dependent, your parents may be able to get it.

    The credit can be claimed for four post-secondary education years instead of two, and it also adds required course materials to the list of qualifying expenses. The maximum annual credit is $2,500 per student. Use Form 8863 Education Credit.

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