Form 1098-T(redirected from 1098T Forms)
A form published by the IRS that a lender uses to report the interest that a borrower pays on a student loan in a year in excess of $600. The form is reported to the IRS and sent to the borrower. Because student loan interest is tax deductible up to a certain limit, receiving Form 1098-C and reporting the interest paid to the IRS may significantly impact one's tax liability.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved