Tax Information (1098-T)
The Form 1098-T is a Tuition Payment Statement, which includes information that colleges and universities are required to issue so that students may determine their eligibility for education tax credits.
- What is reported on the Form 1098-T?
The 1098-T form is a Tuition Payment Statement that includes information that colleges and universities are required to issue so that students may determine their eligibility for education tax credits.
Prior to 2018, the 1098-T included a figure in Box 2 that represented the Qualified Tuition and Related Expenses (QTRE - tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution) that were 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 must report in Box 1 the amount of QTRE you paid during the calendar (tax) 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.
The University of Alaska Anchorage is unable to provide you with individual tax advice; if you have questions, you should seek the counsel of an informed tax preparer or professional.
- Am I eligible to receive a Form 1098-T?
You are eligible to receive a 1098-T if you incurred qualified charges during the past calendar year that were not reported on the previous year's 1098-T statement.
- When will I receive my Form 1098-T?
By Federal law, all forms must be postmarked by January 31st of each year. You may also access your 1098-T electronically through UAOnline:
- Log in with your UA credentials
- Select Student Services and Account Information
- Select Student Account
From the Student Account page, you may select the tax year, sign up for electronic delivery of your 1098-T, and view or print your 1098-T.
- What should I do if I need more information?
If you need additional information regarding what is reported on the 1098-T, please review the information available on the IRS website. The University of Alaska Anchorage is unable to provide you with individual tax advice; if you have questions, you should seek the counsel of an informed tax preparer or professional.
Important Note: 1098-T statements are for informational purposes only and in no way suggest that you are eligible for a tax credit. Please speak with a tax professional or consult the IRS website for more information about whether you qualify for a tax credit.