The 1098-T form is a statement of qualified tuition and fees charged by UNH that we provide to students and to the IRS. Institutions are required to report either the payments made or the charges incurred during a tax year but cannot report both. UNH chooses to report charges incurred since payments made are not directly allocated to specific charges. Thus, it would be impossible to verify if a certain payment was designated for a certain charge.
Qualified tuition and fees include tuition charges as well as mandatory student fees such as lab fees, technology fees, and general fees. Room, board, and health insurance fees are not included in qualified tuition and fees as determined by IRS regulations.
IRS regulations also require that all institutions assessing qualified charges mail a 1098-T form to each student enrolled in a particular tax year. UNH must also file an information return with the IRS for each of these students.
On the 1098-T form, we report the name, SSN and address of the student, and indicate the student classification (graduate or undergraduate) and status (at least half-time or not).
We report the total amount of qualified tuition and fees in a given tax year. For example, if the tuition and fees for the spring of 2008 are posted on accounts in December of 2007, the amounts will be reflected on the 2007 1098-T form.
No UNH employee may give tax advice regarding the Hope Scholarship and the Lifetime Learning Credit. If you are unsure about your eligibility or have any questions, you should consult with a qualified tax preparer or advisor. You may also consult IRS Publication 970 or visit the IRS website.