Education Tax Credits
Indiana University does not provide tax advice. Please consult your tax preparer/advisor to determine your eligibility for educational tax credits.
The Taxpayer Relief Act of 1997 ("the Act") created income tax benefits for students attending an eligible educational institution with qualified education expenses. Taxpayers who pay qualified educational expenses at an eligible educational institution may qualify for the Hope Scholarship Credit, the Lifetime Learning Credit, or the Tuition and Fees Deduction. The Act requires eligible educational institutions to report certain enrollment and financial information on Form 1098-T to students and the Internal Revenue Service.
Details of amounts included on your 1098-T will be available in Student Self-Service on OneStart after January 31. For questions about the 1098-T, please see http://fms.indiana.edu/tax/1098T.asp for assistance.
