What Is Form 1098: Mortgage Interest Statement? Form 1098 is a tax document that homeowners will receive if they pay $600 or more in mortgage interest over the course of a year. Your mortgage lender ...
It’s that time of year again: tax season! If you’re a homeowner or planning to become one, it’s helpful to be aware of form 1098 and understand its potential benefits. There are many perks to ...
Each year about this time, mailboxes across America are filled with tax forms. Sometimes, those tax forms go straight to a tax professional, unopened. Other times, taxpayers may dutifully open those ...
IRS Form 1098-T is an Internal Revenue Service (IRS) tuition statement which is intended to help students file their federal income tax return. In January of each year, the University of New Haven is ...
In previous years, IRS Form 1098-T included a figure in Box 2 that represented the qualified tuition and related expense (QTRE) the university billed to the student account for the calendar (tax) year ...
Owning a home can yield some benefits at tax time if you're able to deduct mortgage interest. If you paid interest on a mortgage loan, your lender should provide you with a Form 1098 Mortgage Interest ...
Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a mortgage ...
Kelly Phillips Erb is a Forbes senior writer who covers tax. Your identifying information and the identifying information of your college or university are reported on the left side of form 1098-T.