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 Instructions 1098 T Form 2014

2014-2024 Form

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Instructions and help about Instructions 1098 T Form

Hello, my name is Courtney Han and Camp;#39’m a graduate student here at ETS and today Camp;#39;lobe giving you frequently asked questions and answers regarding the American Opportunity and Lifetime Learning credits. One frequently asked question is, why did ETS send a 1098statement to me? ETS sends a 1098-T form to student with qualified tuition fees and excess of scholarships and grants. You may also receive 1098-E statement. The 1098-Tis used to report qualified tuition and related expenses that may be eligible for education credits. The 1098-E reflects interest paid on your student loan during the tax year. You may be eligible to deduct student loan interest on your income tax return if the interest payments were made during the first sixty months of the loan repayment. Another question is, does that mean Camp;#39’m eligible to claim the amount in box 2 as tax credit? Not necessarily. There are exclusions. Consult your tax consultant for computing and claiming the credit. Anoth

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