Get Tuition And Fees Statement (1098-t) - University Of Rhode Island

The 1098-T form is the Tuition Statement that your college or career school uses to report qualified tuition and related education expenses to you and the IRS. You or your parent/guardian may be able to claim these expenses as education related tax credits.

Is the 1098-T form a source of income I must include in my taxes? No, this form is a statement of the amount qualified educational expenses we have recorded for you in the previous tax year.

1098T Forms Forms are mailed to students by Heartland ECSI no later than January 31st. Please visit Tuition and Fees Statement (1098-T) – Tuition and Billing (uri.edu) for more information about the 1098T forms and how students can access them online. Students and Parents can contact Enrollment Services at 401.874.

Your college or career school will provide your 1098-T form electronically or by postal mail if you paid any qualified tuition and related education expenses during the previous calendar year. Find information about the 1098-E form, which reports the amount of interest you paid on student loans in a calendar year.

1098-T forms are issued by the university to students that made a payment for qualified tuition and fees during a given calendar year. This form is to be used by the student to determine eligibility to receive the American Opportunity credit or Lifetime Learning education tax credits.

You can claim the $2,500 American Opportunity Credit for each qualifying student on your federal income tax return. Unlike the American Opportunity Credit, the Lifetime Learning Credit is not refundable which means that if your credit exceeds your tax, you won't receive a refund of the difference.

The 1098-T form isn't just about reminding you how much you paid for that Organic Chemistry class you barely survived. It's also your ticket to potential tax breaks and deductions. There are a couple to consider: The American Opportunity Tax Credit can be worth up to $2,500 for each eligible student.