Category: 1098-T

Last Update: June 2026 The IRS is retiring the FIRE system on December 31, 2026. Beginning with Tax Year 2026, all 1098-T returns must be filed through IRIS. What that requires depends entirely on whether a vendor manages your 1098-T filing or you file directly. What changes under IRIS and who it affects If you…

Form 1098-T is the IRS information return educational institutions file to report qualified tuition and related expenses for each enrolled student. Getting it right matters for two reasons: students depend on it to claim the American Opportunity Credit or Lifetime Learning Credit, and the IRS uses it to match those credit claims against what institutions…

As education costs continue to climb, more students and families are looking for legitimate ways to offset the expense. Form 1098-T is one of the most useful documents for that purpose — it summarizes what you paid in qualified tuition and fees during the year and can support a claim for one of two federal…

Nelnet Business Solutions (today part of Nelnet Campus Commerce), a leader in comprehensive campus commerce solutions serving nearly 1,000 higher education institutions, partnered with Tab Service Company to build a direct interface between Nelnet’s payment processing platforms and Tab Service Company’s 1098-T processing services. “The ability to integrate campus payment history with the generation of…