What are the instructions for the 1098-T form?

To help you figure your education credit, you should receive Form 1098- T.

Generally, an eligible educational institution must send Form 1098-T to each enrolled student postmarked by Jan. 31. The Ohio State University reports payments received in Box 1 that pay toward qualified tuition and related expenses.

Box 1 may not reflect the entire payment as noted on your bank statement. Payments (or payment portions) that apply toward housing, dining, health insurance, or other non-qualified  expenses will not be reflected in Box 1.

For more information see IRS resources. In addition, your Form 1098-T should give you other information for that institution, such as adjustments made for prior years, scholarships or grants, reimbursements or refunds, and whether you were enrolled at least half-time or were a graduate student.