Owning a home can yield some benefits at tax time if you're able to deduct mortgage interest. If you paid interest on a mortgage loan, your lender should provide you with a Form 1098 Mortgage Interest ...
It’s that time of year again: tax season! If you’re a homeowner or planning to become one, it’s helpful to be aware of form 1098 and understand its potential benefits. There are many perks to ...
Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a mortgage ...
Here's what you should know about the form 1098, Mortgage Interest Statement: A form 1098, Mortgage Interest Statement, is used to report mortgage interest, including points, of $600 or more paid to a ...
Each year about this time, mailboxes across America are filled with tax forms. Sometimes, those tax forms go straight to a tax professional, unopened. Other times, taxpayers may dutifully open those ...
IRS Form 1098-T is an Internal Revenue Service (IRS) tuition statement which is intended to help students file their federal income tax return. In January of each year, the University of New Haven is ...
Families filing a U.S. tax return may be eligible for educational tax credits when claiming their Purdue student as a dependent. In mid-January of each year, the Office of the Bursar will generate an ...
The 1098-E form is a student loan interest statement. It states how much interest you paid on student loans within a year, and you may find out you are eligible for deductions. A 1098-E must be filled ...
In previous years, IRS Form 1098-T included a figure in Box 2 that represented the qualified tuition and related expense (QTRE) the university billed to the student account for the calendar (tax) year ...