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Learn More About Form 1098-T


What is a 1098-T?

Form 1098-T is used to report qualified tuition and related expenses, reimbursements or refunds, and scholarships or grants..

Why do I file 1098-T?

The IRS requires that all income and deductible expenses are reported by businesses and individuals or penalties could apply.

Who needs to file 1098-T?

You must file Form 1098-T if you are an eligible educational institution. An eligible educational institution that is a governmental unit, or an agency or instrumentality of a governmental unit, is subject to the reporting requirements of Form 1098-T. A designated officer or employee of the governmental entity must satisfy the reporting requirements of Form 1098-T. Also, if you are an insurer, file Form 1098-T for each individual to whom you made reimbursements or refunds of qualified tuition and related expenses. See the official IRS instructions.

When do I file 1098-T?

1098-T forms are required to be mailed to the recipient by January 31, 2018 and e-filed with the IRS by April 2, 2018.

1098-T Reporting Information

What to report Amount to report
Qualified tuition and related expenses, reimbursements or refunds, and scholarships or grants (optional). $600 or more