Fillable Form 1098-T - Tuition Statement - 2014 (Page 4 of 6) in pdf

Instructions for Student

used for 2014 is different than the reporting method used for 2013. You should be

aware of this change in figuring your education credits. The credits are allowable only

An eligible educational institution, such as a college or university in which you are

for amounts actually paid during the year and not amounts reported as billed, but not

enrolled, and an insurer who makes reimbursements or refunds of qualified tuition and

paid, during the year.

related expenses to you must furnish this statement to you. You, or the person who

Box 4. Shows any adjustment made for a prior year for qualified tuition and related

can claim you as a dependent, may be able to claim an education credit on Form 1040

expenses that were reported on a prior year Form 1098-T. This amount may reduce any

or 1040A, only for the qualified tuition and related expenses that were actually paid in

allowable education credit that you claimed for the prior year (may result in an increase in

2014. To see if you qualify for the credit, and for help in calculating the amount of your

tax liability for the year of the refund). See “recapture” in the index to Pub. 970 to report a

credit, see Pub. 970, Tax Benefits for Education; Form 8863, Education Credits; and

reduction in your education credit or tuition and fees deduction.

the Form 1040 or 1040A instructions.

Box 5. Shows the total of all scholarships or grants administered and processed by the

Institutions may report either payments received during the calendar year in box 1 or

eligible educational institution. The amount of scholarships or grants for the calendar year

amounts billed during the calendar year in box 2. The amount shown in box 1 or 2 may

(including those not reported by the institution) may reduce the amount of the education

represent an amount other than the amount actually paid in 2014. Your institution must

credit you claim for the year.

include its name, address, and information contact telephone number on this

Box 6. Shows adjustments to scholarships or grants for a prior year. This amount may

statement. It may also include contact information for a service provider. Although the

affect the amount of any allowable tuition and fees deduction or education credit that you

filer or the service provider may be able to answer certain questions about the

claimed for the prior year. You may have to file an amended income tax return

statement, do not contact the filer or the service provider for explanations of the

(Form 1040X) for the prior year.

requirements for (and how to figure) any education credit that you may claim.

Box 7. Shows whether the amount in box 1 or 2 includes amounts for an academic period

Student's identification number. For your protection, this form may show only the

beginning January-March 2015. See Pub. 970 for how to report these amounts.

last four digits of your social security number (SSN), individual taxpayer identification

Box 8. Shows whether you are considered to be carrying at least one-half the normal

number (ITIN), or adoption taxpayer identification number (ATIN). However, the issuer

full-time workload for your course of study at the reporting institution.

has reported your complete identification number to the IRS and, where applicable, to

state and/or local governments.

Box 9. Shows whether you are considered to be enrolled in a program leading to a

graduate degree, graduate-level certificate, or other recognized graduate-level educational

Account number. May show an account or other unique number the filer assigned to

credential.

distinguish your account.

Box 10. Shows the total amount of reimbursements or refunds of qualified tuition and

Box 1. Shows the total payments received in 2014 from any source for qualified tuition

related expenses made by an insurer. The amount of reimbursements or refunds for the

and related expenses less any reimbursements or refunds made during 2014 that

calendar year may reduce the amount of any education credit you can claim for the year

relate to those payments received during 2014.

(may result in an increase in tax liability for the year of the refund).

Box 2. Shows the total amounts billed in 2014 for qualified tuition and related

Future developments. For the latest information about developments related to Form

expenses less any reductions in charges made during 2014 that relate to those

1098-T and its instructions, such as legislation enacted after they were published, go to

amounts billed during 2014.

Box 3. Shows whether your institution changed its method of reporting for 2014. It has

changed its method of reporting if the method (payments received or amounts billed)

Form 1098-T - Tuition Statement - 2014 Page 4

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