A form 1098-T, Tuition Statement, is used to help figure education credits (and potentially, the tuition and fees deduction) for qualified tuition and related expenses paid during the tax year. The Lifetime Learning Credit offers up to $2,000 for qualified education expenses paid for all eligible students per return.
Do I have to use my 1098-T form?
No, you don’t have to report your 1098-T, not unless you want to claim an education credit. However if your grant/scholarship amount (box 5) is more than your tuition (box 1/box 2) you may want to report it because excess scholarship money may be treated as taxable income on your return.
How do I claim school expenses on my taxes?
To claim a business deduction for work-related education, you must:
- Be working.
- Itemize your deductions on Schedule A (Form 1040 or 1040NR) if you are an employee.
- File Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Schedule F (Form 1040) if you are self-employed.
How to request a tax form in Hawaii?
To request a form by mail or fax, you may call our Taxpayer Services Form Request Line at 808-587-4242 or toll-free 1-800-222-3229. To ensure your privacy, a “Clear Form” button has been placed on all current writable forms.
How to request a state income tax form?
This links to the Adobe web site, where step-by-step instructions are available. Please review the System Requirements first. To request a form by mail or fax, you may call our Taxpayer Services Form Request Line at 808-587-4242 or toll-free 1-800-222-3229. To ensure your privacy, a “Clear Form” button has been placed on all current writable forms.
What are the Hawaii general excise tax packets?
BB-1 Packet: State of Hawaii Basic Business Application, Instructions and Payment Vouchers Contains BB-1 (Rev. 2018), VP-1 (Rev. 2018), and VP-2 (Rev. 2019). Rev. 2019: Rev. 2019 : G-6: Information Required To File For An Exemption From General Excise Taxes: Rev. 2020 : Rev. 2020 : G-6S
