1098-T Tax Information
A 1098-T is an annual Tuition Statement (Form 1098-T). This form is filed for each student who is a U.S. citizen or permanent resident pursuing a degree, and for whom a reportable transaction is made (payments toward qualified tuition and related expenses, and any scholarships or grants received). This information is provided to assist taxpayers in determining eligibility for claiming Education Tax Credits or Deductions enacted by the Taxpayer Relief Act of 1997.
When Forms are Issued
IRS Form 1098-T is required to be post-marked by January 31st each year. These forms will be delivered via postal mail. An electronic copy is available for students to access in their HuskyNet account.
Why Did I Receive a 1098-T?
The primary purpose of the IRS Form 1098‐T is to inform you that we have provided this required information to the IRS. You may be able to take either the tuition and fees deduction or claim an education credit on Form1040 or 1040A for the qualified tuition and related expenses that were actually paid during the calendar year.
Why Didn’t I Receive a 1098-T?
The university is not required to provide a 1098-T form in the following circumstances:
- Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program
- Nonresident alien students, unless requested by the student;
- Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships; and
- 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.