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Form 1098-T is a tuition statement and is sent to a student from their college. Form 1098-T reports the following:

• The payments received for qualified tuition and related expenses;
• The amount billed for qualified tuition and related expenses;
• The amount of scholarships and grants administered and processed for the student by the college;
• If the student was considered enrolled at least-half time;
• If the student was a graduate student.

Per IRS Publication 970 Tax Benefits for Education, qualified education expenses paid by a dependent for whom you claim an exemption, or by a third party for that dependent, are considered paid by you.

To enter or review the information for Form 1098-T in TaxACT:

1. From within your TaxACT return (Online or Desktop) click on the Federal Q&A tab
2. Click Education to expand the category and then click College tuition costs (Form 1098-T)
3. Click Add to create a new copy of the form or click Review to review a form already created
4. The program will proceed with the interview questions for you to enter or review the appropriate information.

Related Links:

• Form 1098-T Not Received
• American Opportunity Credit
• Lifetime Learning Credit