Are you familiar with the 1098-T?
The 1098-T form provides the details that can help you (or your parents/guardians) claim a tax credit for the tuition expense you paid for higher education. A tax credit is different from a deduction. A deduction reduces the amount of income you have to pay tax on; a credit reduces the final amount of income tax you need to pay.
It’s kind of a big deal.
All 1098-T Forms will be mailed out by January 31, 2016.
You can receive your form as early as possible by signing up to receive yours electronically through your ICC eServices Account today!Next: ICC Bans Hoverboards