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The University of North Dakota Student Account Services will send the 1098T tax information form by
January 31st of each year by US Postal Service to the student's home or residence hall address as listed in Campus Connection. This form will provide information for the tax credits listed below.
| What is the Hope Scholarship? |
It is actually a tax credit, not a scholarship. Tax credits are subtracted directly from the tax a family owes, rather than reducing taxable income like a tax deduction.
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| What is the Lifetime Learning Tax Credit? |
It is a tax credit available to individuals who file a tax return and owe taxes. |
| Other Links : |
For Information from the IRS go to: http://www.irs.gov/index.html
IRA Publication 970, Tax Benefits for Higher Education, and Publication 520, Scholarships and fellowships, are available from the IRS Web Site at:
or by calling #1-800-TAX-FORM.
For information from the U.S. Department of Education go to: http://www.ed.gov/index.jsp
For more information contact your tax person.
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| Canadian Tax Information: |
Canadian students may bring any Canadian tax forms directly to Student Account Services for completion. The student can obtain these forms from their tax person or go to :
www.ccra-adrc.gc.ca/menu/EmenuGNN.html
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