Student Tax Information
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In 1997, the Taxpayer Relief Act established two education tax credits and a deduction for student loan interest. These credits are explained in detail in Publication 970 from the IRS.
The 1098-T form is a Tuition Payment Statement that includes information that colleges and universities are required to issue for the purpose of determining a student's eligibility for education tax credits.
In previous years, your 1098-T included a figure in box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in box 1 the amount of QTRE you paid during the year.
Depending on your income (or your family’s income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 — the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
UAS is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.
How students may access their 1098-T information
- Login to the UAOnline (This can only be done by the student receiving the 1098-T)
- Select Student Services & Account Information
- Select Student Account
- Select Tax Year
- Enter tax year and submit
- Select Tax Notification
- Students that have elected to receive their 1098-T by mail may not have an option to print the 1098-T form and will need to print the screen.
- The 1098-T is based on a single calendar year, January 1–December 31 of any year and not the academic or aid year.
You are eligible to receive a 1098-T if you paid qualified charges during the past calendar year that were not reported on the previous year's 1098-T statement.
A 1098-T statement in no way suggests that you are eligible for a tax credit. 1098-T statements are for informational purposes only. Please speak with a tax professional or consult the IRS website for more information about whether or not you qualify for a credit.
More information on what must be reported for the 1098-T.