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Hampton University 1098 T Form

Hampton University 1098 T Form

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What is a W-9 tax form? What is a W-9 tax form?

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Instructions and help about Hampton University 1098 T Form

[Uplifting piano music] Hi I'm Amir from TurboTax with some helpful information about IRS Form 1098-T. If you or one of your dependents enrolled in school during the tax year, then you'll probably want to keep an eye out for a 1098-T form by January 31st. The 1098-T reports the amount of qualified education expenses paid by the student during the year. The IRS does not consider every educational expense a qualified one, so it's important to get that information from your 1098-T. It will also help you calculate some of the tax benefits that the IRS offers, like the American Opportunity Tax Credit or the Lifetime Learning Credit. Your 1098-T form will have a lot of useful information on it, but boxes 1, 2, 5 and 7 will be most important for your tax return. Box 1 reports all payments you've made to the school for qualified educational expenses. Box 2 reports the qualified education expenses that the school bills you for, which may not be the same total as

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