Registration fees paid for non-credit coursesīox 3: Not used.Graduate and Undergraduate Special Tuition.Resident and Non-resident Tuition all Programs.For purposes of the Form 1098-T provided by Montclair State University, the following categories of charges are included or not included in qualified tuition and related expense Qualified Tuition and Related Expenses Qualified tuition and related expenses are sometimes referred to as qualified education expenses, although the terms are not always interchangeable. Amounts Paid for Qualified Tuition and Related Expensesīox 1 of Form 1098-T reports the qualified tuition and related expenses paid during the calendar year. Please note this is different from prior years where only “billed” information for qualified tuition and related expenses was reported in Box 2. Claiming education tax benefits is a voluntary decision for those who may qualify.ĭue to federally mandated tax reporting requirements effective for calendar year 2018, MSU will now report all payments for qualified tuition and related expenses in Box 1. There is no IRS requirement that you must claim the tuition and fees deduction or an education credit. ![]() All information and assistance that Montclair State University (MSU) can provide to you is contained in this notice.There is no need to attach Form 1098-T to your tax return.You, or the person who may claim you as a dependent, may be able to take either the tuition and fees deduction or claim an education credit on Form 1040 or 1040A for the qualified tuition and related expenses that were actually paid during the calendar year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |