Form 1098-T Tuition Payments Statement

Form 1098-T Tuition Payments Statement

If you have specific questions on your Form 1098-T, please contact Income Accounting.

Form 1098-T General Information –

An eligible educational institution, such as a college or university, is required to report certain information to enrolled students on Form 1098-T in order for the student to claim the education tax credits or the Tuition and Fees tax deduction.  Form 1098-T is also furnished to the IRS.

Although the tuition tax credits or the tuition deductions will benefit many taxpayers, the laws and regulations governing the credits and deductions are complex. Accordingly, you may wish to consult a tax advisor. The University of Utah cannot give you tax advice. IRS Publication 970 “Tax Benefits for Education” gives a more detailed explanation of the American Opportunity Tax Credit, the Lifetime Learning tax credit and the Tuition and Fees tax deduction. In order to assist students’ determination of tuition tax benefits eligibility, student tuition history detail can be accessed online under the View Tuition History Link at the Campus Information System website.

No Form 1098-T if a student’s qualified tuition and fees are waived or paid in entirety with scholarships. In such situation, pursuant to IRS regulations, the University is not required to prepare Form 1098-T for the student, nor to report information to the IRS on such student’s tuition and fees.

Noncredit course information is not reported on Form 1098-T pursuant to IRS regulation.

No form 1098-T if student is not billed directly by the University of Utah for qualified tuition and related expenses.

Educational institutions may report either the net amount of payments received (box 1) or the net amount billed (box 2), for qualified tuition and related expenses during the calendar year. The University will be reporting tuition amounts billed (box 2). Only adjustments made for a prior year for amounts billed for qualified tuition and related expenses will be reported separately (box 4). Scholarships and grants will be reported in box 5 and only adjustments made during the year to scholarships or grants reported in a prior year are reported separately (box 6). If the amount reported in box 2 included  amounts billed for an academic period beginning in January through March of 2017, box 7 will be checked.

Qualified tuition and related expenses.

Qualified tuition and related expenses are tuition, fees and course materials required for a student to be enrolled at or attend an eligible educational institution. The following are not qualified tuition and related expenses:

  • Amounts paid for any course or other education involving sports, games, or hobbies unless the course or other education is part of the student’s degree program or is taken to acquire or improve job skills.
  • Charges and fees for room, board, insurance, medical expenses (including student health fees), transportation, and similar personal, living, or family expenses.

Form 1098-T Instructions for University of Utah Students.

Box 1. Payments Received for Qualified Tuition and Related Expenses.

This box will be blank as the University is reporting tuition amounts billed under box 2.

Box 2. Amounts Billed for Qualified Tuition and Related Expenses.

This box contains the amounts billed during the calendar year for qualified tuition and related expenses. The amount reported is the total amount billed less any reductions in charges made during the calendar year that relate to the amounts billed for the same calendar year. Please note that University student mandatory fees include a health insurance component (Spring 2016, $20.48 per semester, Summer and Fall 2016, $20.48 per semester) and a transportation fee component (Spring 2016, $ 12.75 base plus $1.95 per credit hour, Summer and Fall 2016, $58.35) which are not qualified tuition and related expenses and therefore are not included in box 2. Nontaxable tuition waivers such as faculty/staff tuition reductions, reduce amounts billed in this box.

Box 3. If this box is checked, your educational institution has changed its reporting method for the calendar year.

The University has not changed its 1098-T reporting method; this box will not be checked.

Box 4. Adjustments Made for a Prior Year.

This box shows current year adjustments made for prior year’s qualified tuition and related expenses.  This amount may reduce any allowable tuition and fees deduction or education credit that you claimed for the prior year (may result in an increase in tax liability for the year of the refund). See “recapture’ in the index in IRS Publication 970 “Tax Benefits for Education” to report the reduction in your education credit or tuition and fees deduction.

Box 5. Scholarships or Grants.

This box contains the total amount of any scholarships or grants that the University administered and processed during the calendar year for the payment of the student’s costs of attendance. The amount of scholarships or grants for the calendar year (including those not reported by the University) may reduce the amount of any allowable tuition and fees deduction or the education credit the student may claim for the year.

Box 6. Adjustments to Scholarships or Grants for a Prior Year.

This box shows current year adjustments to prior years’ scholarships or grants.  This amount may effect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year.  You may have to file an amended income tax return (Form 1040X) for the prior year.

Box 7. Checkbox, if Amount in Box 2 Includes Amounts for an Academic Period Beginning in January through March of 2017.

The box will be checked if any amounts billed for qualified tuition and related expenses reported for 2016 include amounts for an academic period that begins in January through March of 2017.  See IRS Publication 970 “Tax Benefits for Education” for how to report amounts.

Box 8. Check if at Least Half-Time Student.

This box will be checked if the student was at least a half-time student during any academic period for the calendar year.

  • Undergraduate student – 6 hours or more
  • Graduate student – 5 hours or more

Box 9. Check if a Graduate Student.

This box will be checked if the student was a graduate student. The student is a graduate student if the student was enrolled in a program or programs leading to a graduate-level degree, graduate-level certificate, or other recognized graduate-level educational credential. If the student is enrolled in a graduate program, he or she is not eligible for the American Opportunity credit, but may qualify for the Lifetime Learning credit.

Box 10. Insurance contracts Reimbursements or Refunds.

This box will be blank as the University is not an insurer.

Last updated 1/3/17