Life.Changing.Times Tax Time
OTTUMWA --- A 1098T is a tuition statement that educational institutions must file for each student who is enrolled and for whom a reportable transaction is made as per the Internal Revenue Service. The 1098T form indicates any amounts paid for qualified tuition and related expenses for the calendar year. Please see Publication 970, Tax Benefits for Education for additional information or contact your tax professional. Any questions regarding the 1098T form can be directed to OneStop @ 1-800-726-2585, ext. 5262.