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 2025 Tax Year
| Recipient Copy Distribution | Electronic Filing |
|---|---|
| March 31, 2026 | February 2, 2026 |
TaxBandits simplifies the filing of Form 1098-T with our Time-Saving Features!
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!
How to E-file Form 1098-T Online with TaxBandits?
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 (2025) and prior year filings (2024 & 2023).
Pro Features Designed for Tax Professionals
Team Management
Securely invite team members to manage filings for your clients with their own credentials. Assign the roles of preparer, approver, or transmitter to delegate tasks and streamline workflows.
Client Management
Stay connected with clients through a secure, customized portal. Exchange data, share documents, and maintain seamless communication to track your clients’ filings.
Custom Reports
Gain insights into staff activities and client filings with detailed reports. Enhance decision-making with in-depth analytics.
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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?
February 2, 2026 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, 2026 for the 2025 Tax Year. The Form 1098-T electronic filing deadline is on March 31, 2026.
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.
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