Note: This form is an IRS form, not a form not a college-published form. Have other student tax filing questions? Be sure to visit our Tax Guide for College Students and find out about student forms that can be filed for free. The amount is reported by the school to you and the IRS. Tuition and fees at eligible institutions are considered qualified expenses that might appear on your T form. They can also include certain course materials if required for enrollment.
However, other expenses, like room and board, transportation and similar personal costs are not qualified. So, amounts for those expenses will not be reflected on your Form T. This box is here primarily for the IRS's information, not the student's.
Schools use Box 1 to report the payments received. Box 2 is no longer used. Box 3 still provided a check box to indicate a change in the method of reporting from the amount billed to the amount paid method. Adjustments and scholarships Box 4 of the form shows any adjustments the school has made to qualified expenses reported on a previous year's T. Other information Schools must check Box 7 if the amount in Box 1 or 2 includes expenses for an academic term that begins in the first three months of the year following the year covered by the T.
Box 10 Box 10 of the form comes into play only in cases in which students have had expenses reimbursed under a "tuition insurance" policy. When an insurer reimburses a student's expenses, it must provide that student with a copy of the T. The only box that gets filled in is Box 10, which shows the amount reimbursed.
The amount of expenses used to calculate credits generally must be reduced by any reimbursement reported here. All you need to know is yourself Just answer simple questions about your life, and TurboTax Free Edition will take care of the rest. Looking for more information? Get more with these free tax calculators and money-finding tools. Stimulus Check Calculator See if you qualify for a third stimulus check and how much you can expect Get started.
Tax Bracket Calculator Easily calculate your tax rate to make smart financial decisions Get started. Self-Employed Expense Estimator Estimate your self-employment tax and eliminate any surprises Get started. Your Term Fee Bills will show the dates payments were posted to your account and are a valuable resource for determining the semesters that are included in your Form T. Q: I am a graduate student and I received fellowship payments.
Where is my fellowship reported on my Form T? A: For Form T purposes, fellowships are considered financial aid and will be reported in Box 5 as a scholarships, grants, fellowships. Form T reports activity occurring in the calendar year. Therefore, if the total aid you received during the calendar year reportable in Box 5 exceeds the qualified tuition and related expenses QTRE paid during the same calendar year, you will not receive a Form T.
Q: I am a graduate fellow who is entitled to receive health or dental insurance at a reduced rate. How is this reported on my Form T? A: Since insurance both medical and dental is not considered to be a qualified tuition and related expense, this expense it is not reported on your Form T.
Please contact the IRS or your tax professional for guidance. For more information regarding the American Opportunity Credit and Lifetime Learning Credit, you may visit the following websites:. Any further questions can be directed to your college T Representative.
Contact your college T Representative to discuss your questions. If you have tax questions, ask your tax professional or contact the Internal Revenue Service. It is important that we have your complete and accurate information on file. For detailed instructions, visit www. Once documents are uploaded you will see a confirmation that the file was uploaded successfully.
Do email your respective College Registrar to confirm that the form W-9S was submitted. Contact your college T Representative to request an updated Form T. Skip to Content Skip to Navigation. Frequently Asked Questions About the T. Descriptions of boxes on Form T. Contract reimb. What address was used to mail my Form T?
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