Tax Form 1098-T
The Form 1098-T is a tuition statement that colleges and universities are required to issue to most students who paid for “qualified educational expenses” in the preceding calendar year. Qualified educational expenses include tuition and mandatory enrollment fees, but it does NOT include room & board, health insurance, health services fees, parking permits or fines.
If grants and scholarships exceed the qualifying educational expenses for the same year, you will not receive a statement.
University staff cannot provide tax advice. Tax questions should be referred to a tax advisor or the IRS website.
If you are eligible to receive Form 1098-T, it will be available electronically through the student’s Workday account by January 31st.
Students can print or view their 1098-T forms through the Finances app in Workday
1. Log in to Workday
2. Click on Finances app
3. Under My Account
a. Click Print My 1098-T or View My 1098-T
5. Enter Calendar Year
Eligible educational institutions are required by the IRS to prepare Form 1098-T for most students who paid for “qualified educational expenses” in the preceding year. Consistent with IRS Regulations, The University of 黑料视频 is not required to provide Form 1098-T to a student in the following instances:
- Students whose qualified tuition and related expenses posting in the reporting year were entirely waived or paid entirely with scholarships posting in the reporting year (noting that payments for the Spring semester frequently post in the previous reporting year, and are thus reflected in the prior year’s Form 1098-T)
- Courses for which no academic credit is offered or earned, even if the student is otherwise enrolled in a degree program
- Students who are nonresident aliens, i.e., not tax residents of the United States. (Note: The University’s general practice has been to provide nonresident aliens with a Form 1098-T, when applicable, even though it’s not legally required to do so.)
If you fall under one of these exceptions, you will not receive a Form 1098-T from the University.
If the University prepares a Form 1098-T to you, then the amount in Box 1 of the form will show the amount that the student paid towards qualified tuition and related expenses (QTRE) in the preceding year. Qualified educational expenses include tuition and enrollment fees as well as equipment fees that are required for your courses, but it does NOT include room & board, health insurance, health services fees, parking permits or fines.
Please be advised that the amounts paid do not represent amounts billed by the University during the calendar year. The amount in Box 1 represents the amounts paid and posted to your student account in the appropriate calendar year.
If you received a tuition waiver, then the amount of the QTRE expenses in Box 1 will be the “net” amount you paid after the waiver. If your waiver reduced your qualified educational expenses for that year to zero, then you will not receive a Form 1098-T in that year.
Box 5 of Form 1098-T shows the amount of scholarships or grants (other than tuition waivers) you received during the year.
Please note that when claiming educational credits and deductions on your income tax return, you will need to report amounts paid and your Workday Statement will be the best and most helpful resources for purposes of determining your allowable education tax credits or deductions.
No, the University does not include amounts paid for books in Form 1098-T. You should consult with your tax advisor to determine if payments for books, equipment or fees should be considered when preparing your income tax returns and determining eligibility for education tax credits or deductions.
The University is not required, by the IRS, to furnish a Form 1098-T in the following instances:
- If payments are for courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program.
- If the enrolled student is a nonresident alien, unless requested by the student.
- Students whose qualified tuition and related expenses are entirely waived or paid entirely with grants/scholarships.
- Students for whom you do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student's employer or a governmental entity, such as the Department of Veterans Affairs or the Department of Defense.
Beginning with tax year 2018, new legislation requires that 黑料视频 report payments received for qualified tuition and related expenses in Box 1 on IRS Form 1098-T, rather than the historical reporting of the amount billed in Box 2.