The 1098T tax form is an Internal Revenue Service (IRS) tuition statement which is intended to help students file their federal income tax return. The University of New Haven mails paper copies of the 1098 T tax form to students each January and also reports this same information to the IRS.
The federal tax code, administered by the IRS, has provided for a number of education tax benefits. Complete information on these benefits may be found in IRS Publication 970.
Please note that the release of 1098T information is governed by federal privacy laws (FERPA) and cannot be released to parents or tax preparers without the authorization of the student.
The following information may help to clarify questions regarding your 1098T form.
- Box 1 is intentionally left blank because UNH reports charges in box 2 and does not report payments in box 1. Colleges and universities are not permitted to populate both box 1 and 2.
- The value in box 2 includes tuition and fee charges posted in 2016 and does not include room, board, insurance, or other incidental charges per IRS regulations.
- If a student was enrolled in the spring of 2016, the charges may have been posted in December of 2015 and therefore would have appeared on the 2015 1098T form. However, since spring term classes began in 2016, financial aid credits would have posted in 2065 and would be reported on the 2016 1098T form.
No UNH employee may give tax advice regarding the American Opportunity Credit or the Lifetime Learning Credit. If you are unsure about your eligibility or have any tax preparation questions, you should consult with a qualified tax preparer or advisor. You can also consult IRS Publication 990 or visit the IRS website.
Frequently Asked QuestionsWhat is a 1098-T form?
The 1098-T tax form is an Internal Revenue Service (IRS) tuition statement which is intended to help students file their federal income tax return. The University mails paper copies of the 1098-T tax form to students each January and also reports this same information to the IRS. Your accountant, tax preparer, or the Internal Revenue Service (http://www.irs.gov/) can best advise you in the utilization of this form when preparing your taxes.
Why are my payments not listed in Box 1?
Universities may choose whether to report payments received or amounts billed; they are not required to report both amounts. The University of New Haven has chosen to report qualified tuition and related expense amounts billed. Box 1 will therefore be left blank on all University of New Haven 1098-T forms.
What is included in Box 2?
Box 2 includes tuition and mandatory fees that were billed between January 1 and December 31. Qualified tuition and fees include tuition charges as well as mandatory student fees such as lab fees, student activity fee, and general fees. Room, board, and health insurance fees are not included in qualified tuition and fees. Also, 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 2016 are billed in December 2015, the amounts will be reflected on the 2015 1098-T form.