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It explains reporting rules for Box 1 amounts paid for qualified tuition and related expenses, how refunds and timing affect totals, and clarifies that housing, meal plans, and book expenses are not treated as qualified expenses for 1098-T purposes. It also covers Box 5 scholarships and grants, circumstances when colleges are not required to issue the form, and critical data requirements such as SSN and address, plus electronic viewing through the institution’s billing portal.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/1098-t-and-tuition-tax-credits-overview-and-key-requirements/301249/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/1098-t-and-tuition-tax-credits-overview-and-key-requirements/301249.png","ImageObject",442,249,{"name":88,"@type":89},"Xiajie","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-20","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What does the IRS Form 1098-T report?","Question",{"text":108,"@type":109},"It reports payments made for qualified education expenses during the calendar year to help calculate education tax credits.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What counts as qualified education expenses for 1098-T purposes?",{"text":113,"@type":109},"Tuition and fees required for enrollment count, while housing and meal plans do not. Book expenses are not reported on the 1098-T.",{"name":115,"@type":106,"acceptedAnswer":116},"Do scholarships and grants reduce the Box 1 amount?",{"text":117,"@type":109},"No. The amount in Box 1 is NOT reduced by scholarships and grants, which are reported in Box 5.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},301249,1789780374,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":73,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":125,"read_time":9},8814010472675,"https://avatar.qwps.com/avatar/WGlhamll","1098-T and Tuition Tax Credits  \nThe IRS Form 1098-T Tuition Statement reports the payments made for qualified education expenses during the calendar year. This form, in conjunction with personal financial records, should assist you and your parents in calculating any educational tax credits you may be eligible for.  \nTo help you determine the tax credit you may be eligible for, please review:  \nIRS Form 8863 – Education Credits ([http://www.irs.gov/pub/irs-pdf/f8863.pdf](http://www.irs.gov/pub/irs-pdf/f8863.pdf))  \nInstructions for Form 8863 ( [http://www.irs.gov/pub/irs-pdf/i8863.pdf](http://www.irs.gov/pub/irs-pdf/i8863.pdf))  \nIRS Publication 970 – Tax Benefits for Higher Education ( [https://www.irs.gov/pub/irs-pdf/p970.pdf](https://www.irs.gov/pub/irs-pdf/p970.pdf))  \nFor additional information, please visit the IRS website ( [https://www.irs.gov/](https://www.irs.gov/)) or discuss with a/your tax advisor.  \nIRS Form 1098-T  \nAs of the 2018 tax year and beyond, IRS Regulations require colleges and universities to report all payments received (up to the amount of qualified tuition and fees) in Box 1 of the 1098-T form.  \nBox 1 : Amounts paid for qualified tuition and related expenses (QTRE) . Includes payments for calendar year (the 2025 Tax Form will consist of the following academic years, Spring 2025, Summer 2025 and Fall 2025) .  \nAmounts reported as payments include personal payments, loans, and scholarship/grants received during the calendar year for qualified education expenses less any refunds issued due to overpayments on the account. Total payments reported in Box 1 cannot exceed the amount of applicable qualified education expenses.  \nQualified education expenses include tuition and fees required for enrollment. Other charges, including housing and meal plans are not considered qualified education expenses for 1098-T purposes.  \nBook expenses are not reported on the 1098-T tax form, although payments may be tax deductible. Currently, CC does not post those fees on student accounts. Keep your invoices and receipts for book transactions in your own tax records.  \nThe amount reported in Box 1 is NOT reduced by scholarships and grants which is reported in Box 5.  \nBox 5 : Scholarships and Grants received during the calendar year. Includes scholarship/grants for calendar year (the 2025 Tax Form will consist of the following academic years, Spring 2025, Summer 2025 and Fall 2025) .  \nIRS Regulations state, Colleges and Universities are NOT required to provide a 1098-T tax form in the following instances:  \n• Student is enrolled in courses which have no academic credit, even if the student is otherwise enrolled in a degree program.  \n• Students whose qualified tuition and fees are paid entirely with scholarships and/or grants.  \n• If a student withdrew and earned no academic credit.  \n• Students who are not US citizens, unless requested by the student.  \nIMPORTANT: Social Security Number Required and Address Required  \nYou are required to provide your social security number so that we can send you a correct 1098-T and file one with the IRS. To provide your SSN, please complete the taxpayer form online.  \nOnce completed online, the Student Accounts office will receive an email notification of the completed document and your SSN will be updated in our ERP system. To correct an SSN that already exists in our system, please visit the Registrar’s office, located in Armstrong Hall, first floor and provide a copy of your SSN card.  \nYour address is also required on the tax form. If you have had an address change, please update your address with the Registrar’s office via email or visit their office to complete an address change form.  \nColorado College has partnered with our Billing provider, TouchNet, to provide you with your Form 1098-T.  \nVIEW YOUR 1098-T ELECTRONICALLY  \nStudents who have consented to receive the 1098-T electronically can view the form at our online billing site (via Banner SSB) under payments and billin","cbCain6rIsFsbpkk","https://ap.wps.com/l/cbCain6rIsFsbpkk","pdf",59380,"English","# IRS Form 1098-T and purpose\n## Key reporting rules for Box 1 and Box 5\n## Qualified education expenses and exclusions\n## When a 1098-T is not required\n## SSN, address, and electronic viewing steps\n## Contact information and tax advice guidance","[{\"question\":\"What does the IRS Form 1098-T report?\",\"answer\":\"It reports payments made for qualified education expenses during the calendar year to help calculate education tax credits.\"},{\"question\":\"What counts as qualified education expenses for 1098-T purposes?\",\"answer\":\"Tuition and fees required for enrollment count, while housing and meal plans do not. Book expenses are not reported on the 1098-T.\"},{\"question\":\"Do scholarships and grants reduce the Box 1 amount?\",\"answer\":\"No. The amount in Box 1 is NOT reduced by scholarships and grants, which are reported in Box 5.\"}]","1098-T and Tuition Tax Credits - Overview and Key Requirements | PDF"]