Your 1098-T: Norwich University is required to furnish this information to you and to the Internal Revenue Service (IRS). The 1098-T does not indicate your eligibility for tax benefits.
- You may receive a 1098-T but not qualify for education tax benefits.
- The 1098-T provides information that you may use to determine your eligibility for tax incentives.
- For assistance in determining your eligibility for education tax benefits, consult IRS Publication 970 or consult with a tax advisor.
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a tax payer may claim as part of your tax return. Many taxpayers will require additional information from their personal records in addition to Form 1098-T. Review instructions and more information about IRS Form 8863 and Education TAX Credits.
Visit the IRS website: https://www.irs.gov. In the search box, enter “Publication 970.” Referenced in that document is “Form 8863.” This is the form used to determine eligibility for the tax credits. Be sure to review the version of this document for the 2019 tax year.
Norwich University is unable to provide individual tax advice and nothing in this document should be construed as tax advice.