Mom Confessions
DH got an email that he'll be receiving a 1098t in the mail, I'm wondering how this will effect our tax refund this year?? We've never gotten one (and honestly I hadnt heard of it til we got the email and I looked it up to see what exactly it was)
Replies
-
What is it? -
basically a tuition statement
Quoting MammaPaparazza:
What is it? -
I am not familiar with that type of form, sorry.
-
You can deduct interest on student loans.
-
We didn't pay any interest on the tuition
Quoting Anonymous:
You can deduct interest on student loans. -
I just got one this year for all the money i paid for getting my books for school -
You can deduct tuition paid for an eligible institution. -
do you itemize?
-
I think his books were included in his tuition... Not really sure? I let him handle the school stuff
Quoting armyvet06:
I just got one this year for all the money i paid for getting my books for school -
That'll help a lot cause I think this past yr he paid for 3 or 4 classes
Quoting milfanyway:
You can deduct tuition paid for an eligible institution.