E-File Form 1098-T Online A simple solution for educational institutions to file Form 1098-T and distribute recipient copies. E-file 1098-T Online How to File Form 1098-T? Why Choose TaxBandits? Get instant IRS status updates Pre-validate your return before filing with the IRS Supports Multiple Tax Years (2024, 2023 & 2022) Easily deliver recipient copies via postal mail or online access E-file 1098-T Corrections at No additional cost View more features Form 1098-T: Key Insights Eligible educational institutions use Form 1098-T to report payments received for qualified tuition and related expenses. It must be filed for each student enrolled and for whom a reportable transaction occurs. Insurers must also file Form 1098-T for each individual receiving reimbursements or refunds related to qualified tuition and related expenses. 1098-T Deadline for 2024 Tax Year Recipient Copy Distribution Electronic Filing January 31, 2025 March 31, 2025 TaxBandits simplifies the filing of Form 1098-T with our Time-Saving Features! Learn More What Information is Required to File Form 1098-T? 1. Filer Details: Name, EIN, and address 2. Student Details: Name, TIN, address, and account number 3. Payment Details: This may include: i. Payments received for qualified tuition and related expenses ii. Adjustments made for a prior year iii. Scholarships or grants iv. Amount of scholarships or grants for the preceding year v. Amount of reimbursements or refunds of qualified tuition and related expenses Are you ready to file your 1098-T? Get started with your free TaxBandits account! Start E-filing Now How to E-file Form 1098-T Online with TaxBandits? 1 Select Form 1098-T 2 Enter Form 1098-T Details 3 Choose Distribution Options 4 Review Form1098-T Information 5 Transmit the Form to the IRS Start by selecting Form 1098-T from your dashboard. With TaxBandits, you can file this form for both the current and previous tax years. Enter the form data manually or choose our bulk import option to fill out your 1098-T form. You can choose how to distribute recipient copies—by postal mail, online access, or both. Review the information entered on Form 1098-T and make any necessary changes. After reviewing, transmit the completed Form 1098-T to the IRS. Ready to E-file Form 1098-T with the IRS? Start E-filing Now Why Choose TaxBandits to File Form 1098-T? Address Book Add your payer and recipient details just once, securely store them, and access the information for future filings. Internal Audit Check Our advanced error-check system automatically audits your 1098-T forms for common mistakes to ensure they are error-free. TIN Validation Ensure accuracy by validating the TIN against the IRS database. This helps ensure you e-file Form 1098-T correctly. Download Form Copies TaxBandits offers a simple way to download and print copies of your transmitted 1098-T forms. Recipient Copy Distribution TaxBandits distributes 1098-T copies to recipients via postal mail or online access portal. Supports Multiple Tax Years TaxBandits supports filing for current (2024) and prior year filings (2023 & 2022). Start E-filing Now Success Starts with TaxBandits! Excellent Step by Step process and easy to go back and make edits.... Luis Collazo Very easy navigation going forward and backwards. I usually have trouble online with confusing instructions. Yours is very easy. Jay Polonsky Easy and reasonably priced. Great customer service! Allen Cohen I’m quite impressed, especially in comparison with other sites from the IRS list I reviewed as well. Well done. Thank you. Igor Mandryka Very easy to find my way around, most help features are very good, customer service response has been exceptional for the price point. Jerry Morris Work flow makes sense, navigation is easy, customer service is excellent with prompt call backs and thoughtful support. Michael Morris Frequently Asked Questions on 1098-T What is IRS Form 1098-T? Form 1098-T is used by educational institutions to report to the IRS each student who paid qualified tuition and related expenses. Related expenses include tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution. Insurers must also file Form 1098-T for each individual that received a reimbursement or refund of qualified tuition and related expenses. What are the Form 1098-T copies? The IRS Form 1098-T has two copies, which include: Copy A is to be filed with the IRS Copy B is for the student When is the deadline to file Form 1098-T? January 31, 2025 is the due date to distribute copies of Form 1098-T to a recipient. If you choose to file by paper, the deadline is February 28, 2025 for the 2024 Tax Year. The Form 1098-T electronic filing deadline is on March 31, 2025. What are the Form 1098-T penalties? Failing to file Form 1098-T on time will result in potential penalties from the IRS. The penalties for Form 1098-T vary from $60 to $660, depending on when the return is filed and based on your business size. Success Starts with TaxBandits An IRS Authorized E-file Provider you can trust Create a Free Account Now