Not necessarily. There are many eligibility requirements and restrictions with these
education benefits. The tax benefits are based on the amount of eligible tuition and
required fees paid during a particular calendar year out of your own pocket (loans
count as out of pocket). Michigan Tech is unable to provide tax advice regarding how
to use Form 1098-T when filing your tax return. You should consult your tax professional
to determine whether you meet all the criteria for these benefits and the eligible
amount. You may refer to IRS Publication 970 for additional information.