The Taxpayer Relief Act of 1997 allows taxpayers to claim educational credits for some higher education expenses. Institutions that receive qualified tuition and related expenses from or on the behalf of a student are required to furnish each eligible student with an Internal Revenue Service (IRS) Form 1098-T, Tuition Payments Statement. The information on the form helps determine whether a student, or the person who may claim the student as a dependent, may claim an income tax credit for the Hope Scholarship Credit or Lifetime Learning Credit. In addition, for every 1098-T provided to an eligible student, your institution must also file a 1098-T with the IRS. Student Financials enables your institution to print your 1098-T forms to be mailed to students and to transmit your 1098-T data electronically to the IRS.


You can use the following pages to manage 1098-T tax forms:

• Generate 1098-T data on the Generate 1098-T page.

• Review and override the data on the 1098-T Data and 1098-T Student Address pages.

• Validate and audit the data on the 1098-T Audit Report page.

• Print 1098-T forms on the 1098-T Print page and create the electronic transmission files on the 1098-T File Info page.


In this topic, you will produce and file a 1098-T tax form.

Table of Contents