Useful info for 1098-T

thumper1
Mon, 28 Mar 2016 21:03:04 +0000

@3bm103 very true…and many, many folks do,wait until April to file,their taxes.

Except for those who might need to link their taxes to the FAFSA IRS data retrieval tool for college financial aid purposes. Best not to wait until April 18 to file…since it can then take another week…or two to be able to link…and that is getting close to or after deadlines for filing at some schools. And yes, I know the initial filing can be done with estimates…but if one is selected for verification after DRT link…and that doesn’t happen until,after April 18…it has the potential to delay financial aid.

But that is secondary to the 1098T. we found we had to keep,our own very careful records of qualified educational expenses…because things like books are not reflected on that form.