how to find 1098-t on blackboard

Once logged in you can view the 1098-T by clicking the 1098-T Statement link in the middle of the page. Or, at the top left click on ‘My Account’ select ‘Statements’, then choose 1098-T Tax Statements. The most recent 2020 tax statement will be listed at the top.

Full Answer

What is a 1098T?

A 1098‐T is a Tuition Statement Tax Form. This form documents qualified educational expenses paid and reimbursements issued to a student during the tax year. Students, their parents, or their guardian may use this form to determine if they qualify for education related tax credits. The 1098‐T is usually available the last week of January each year.

What are qualified educational expenses?

Qualified educational expenses include. tuition, any fees that are required for enrollment, and course materials required for a student to be enrolled. Reimbursements include payments disbursed to the student for aid that exceeded the cost of tuition and fees.

What is a 1098-T form?

The 1098-T form contains information to assist a student in filing the education tax benefits/tax credit deductions, such as the American Opportunity Credit (a modification of the Hope Credit) and Lifetime Learning Tax Credits.

What are the exceptions to 1098-T?

IRS exceptions for not furnishing a 1098-T are: Courses for which no academic credit is earned and/or offered, even if the student is otherwise enrolled in a degree program. Nonresident alien students, unless requested by the student. Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships ...

What is academic credit?

The IRS classifies academic credit as credit awarded by an eligible educational institution for the completion of course work leading to a postsecondary degree, certificate, or other recognized postsecondary educational credential.