If you have a mortgage, you'll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this form if you paid more than $600 in mortgage interest last year. The form also ...
A mortgage expert has warned homeowners not to throw away their 1098 tax forms before they file. In her recent video, ...
Next, if you're filing taxes electronically, you'll need your adjusted gross income from last year to verify your identity.
Online payments made on or before December 31, 2024 will appear on the Form 1098-T for tax year 2024 for Spring 2025 (for those enrolled) or prior semester's qualified tuition and related expenses.
“You’re accountable for it.” Other forms can help secure tax credits and deductions. If itemized tax breaks exceed the ...
You can find detailed information about claiming education tax credits in IRS Publication 970, page 9. The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863—the ...
If you paid interest on your student loan debt in 2024, you may be able to deduct up to $2,500 from your taxable income.
Here's when the last day to file taxes is, what documents you'll need, new forms for the 2024-25 tax season and how to track ...
Jan. 30 marked the beginning of the 2025 tax season. The IRS announced this year’s tax season will bring a host of new filing ...
Pennsylvania tax attorney and tax law writer Kelly Phillips ... your loan again with the same lender. When you receive a Form 1098, total the amounts listed in box 1 plus deductible points listed ...