Form 1098-T - Tuition Statement - 2012 (Page 4 of 6) in pdf

Instructions for Student

used for 2012 is different than the reporting method used for 2011. You should be aware of

this change in figuring your education credits. The credits are allowable only for amounts

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

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

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

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

2012. To see if you qualify for the credit, see Pub. 970, Tax Benefits for Education;

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

Form 8863, Education Credits; and the Form 1040 or 1040A instructions.

reduction in your education credit or tuition and fees deduction.

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

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

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

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

represent an amount other than the amount actually paid in 2012. Your institution must

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

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

credit you claim for the year.

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

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

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

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

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

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

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

(Form 1040X) for the prior year.

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

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

last four digits of your social security number (SSN). Individual taxpayer identification

beginning January-March 2013. See Pub. 970 for how to report these amounts.

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

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

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

full-time workload for your course of study at the reporting institution. If you are at least a

state and/or local governments.

half-time student for at least one academic period that begins during the year, you meet

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

one of the requirements for the American opportunity credit. You do not have to meet the

distinguish your account.

workload requirement to qualify for the lifetime learning credit.

Box 1. Shows the total payments received in 2012 from any source for qualified tuition

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

and related expenses less any reimbursements or refunds made during 2012 that

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

relate to those payments received during 2012.

credential.

Box 2. Shows the total amounts billed in 2012 for qualified tuition and related

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

expenses less any reductions in charges made during 2012 that relate to those

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

amounts billed during 2012.

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

Box 3. Shows whether your institution changed its method of reporting for 2012. It has

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

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

Form 1098-T - Tuition Statement - 2012 Page 4

Related Articles

Related forms

Related Categories