1098-T Frequently Asked Questions
The Educational Tax Benefit
Please note: 1098-T forms are handled by One Stop Student Services. If your question is not answered here, please contact One Stop directly at your campus:
Twin Cities: 612-624-1111 or 1-800-400-8636 or email: firstname.lastname@example.org or website: onestop.umn.edu
Crookston: Business Office 218-281-8331 or email: email@example.com
Duluth: 218-726-8000 or email: firstname.lastname@example.org or website: d.umn.edu/onestop/
Morris: 320-589-6046 or 1-800-992-8863 or email: email@example.com or website: onestop.morris.umn.edu/
Rochester: 507-258-8069 or email: firstname.lastname@example.org or website: r.umn.edu/onestop/
Your 1098-T form will be available electronically in MyU no later than January 31. A small number of students who have not completed the University's eAgreement in MyU (required to use MyU), will have their 1098-T form sent by the University of Minnesota via U.S. Mail no later than January 31. Your student loan servicers will mail the 1098-E forms to you directly by January 31.
Step-by-step instructions to view/print your 1098-T form are available:
Only tax years for which you are eligible to receive a 1098-T will be available for you to view.
A small number of students who have not completed the University's eAgreement in MyU will have their 1098-T mailed via U.S. Mail. The 1098-T form is mailed to the home/permanent address listed on your University of Minnesota student record. To check this address, go to MyU and click on the My Info tab. If there is no home/permanent address on your student record, the 1098-T is mailed to your current mailing address listed.
The information on the 1098-T form is being provided to assist the student with filing for the education tax benefits/tax credits. See the IRS web site at irs.gov/pub/irs-pdf/p970.pdf for more information.
As of the 2018 calendar year, the University of Minnesota is required to provide a 1098-T form to any student that was enrolled and paid qualified tuition during the previous calendar year to which the form applies.
There are several reasons why a 1098-T form may not be generated or received:
- If you didn't pay any qualified charges during the previous calendar year.
- If you are classified as a Non Resident Alien on the University of Minnesota’s student record database.
- If you don't have access to electronically supplied 1098-Ts and your 1098-T form was sent to an old or incorrect address. If you provide your current mailing address to your campus One Stop (in Crookston contact the Business Office), they can resend a 1098-T form to you.
Qualified charges include tuition and fees a student is required to pay “out-of-pocket” in order to be enrolled at or attend the University of Minnesota. Amounts paid for any course or other education involving sports, games, or hobbies are not eligible for the credit unless the course or other education is part of the student’s degree program. Charges and fees associated with room, board, student activities, athletics, insurance, transportation, and similar personal, living, or family expenses are not qualified. You can find additional information at irs.gov/pub/irs-pdf/p970.pdf.
Under the American Opportunity Tax Credit, congress has modified the definition of expenses that qualify for the credit. The term "qualified tuition and related expenses" has been expanded to include expenditures for "course materials." For this purpose, the term "course materials" means books, supplies and equipment needed for a course of study whether or not the materials are purchased from the educational institution as a condition of enrollment or attendance.
Only amounts paid as shown on the 1098-T form box 1 can be used by a student (or parents) to claim the tax credit for educational expenses or any other tax benefits relating to higher education. Students (or parents) use this box 1 amount to determine the amount of qualified tuition and related expenses actually paid. In addition to the amount in box 1, any other qualified expenses for the American Opportunity Tax Credit (such as books and equipment) need to be determined from records kept by the taxpayer. The University does not track these type of expenses on the 1098-T. Please contact the IRS or your personal tax preparer for assistance or review the information at irs.gov/pub/irs-pdf/p970.pdf.
The underlying tax law mandating Box 1 reporting was passed in late calendar year 2015. Following an interim period of time provided to get reporting systems up to date, the IRS and Treasury mandated that the University report in Box 1 for calendar year 2018 and years beyond the amounts paid for qualified tuition and related expenses. In accordance with IRS and Treasury guidance, prior to calendar year 2018 the University reported amounts billed for qualified tuition (box 2); however, the amount reported in box 2 of Form 1098-T may be different than what you actually paid. When figuring for education tax benefits purposes for years prior to 2018, use only the amount you paid out-of-pocket in that tax year.
For years prior to calendar year 2018, only amounts billed by the University are on the 1098-T form. For those prior years, whenever a student (or parents) want to claim the tax credit for educational expenses or any other tax benefits relating to higher education – they must determine the amount of tuition actually paid – NOT BILLED. Furthermore, any related qualified expenses for the American Opportunity Tax Credit need to be determined from records kept by the taxpayer. The University does not track these type of expenses on the 1098-T. Please contact the IRS or your personal tax preparer for assistance or review the information atirs.gov/pub/irs-pdf/p970.pdf.
1098-T forms are available electronically through MyU/My finances if you agreed to the student financial obligations and responsibilities eAgreement. You can learn how to view your form by going to One Stop. Parents/Guests can view their tuition and related fees assessed by going to MyU and clicking the My Finances tab.
Yes. You can print out copies from your My Finances section of MyU.
For years prior to 2018, you will be sent a 1098-T since you have qualified tuition and fees that were billed; however, you will not be able to claim an education tax benefit for the previous tax year since the charges were not paid.
No. Only one tax filer can claim the education tax benefit; however, if both the student and the parent are students and have qualified charges paid, then both may be eligible for education tax benefits. Please contact the IRS or your personal tax preparer if you have further questions.
If you would like your parents to receive a copy of your 1098-T form, you can provide them with a Parent/Guest Access (PGA) to your student account. That access will allow them to view and print your 1098-T forms. If you do not wish to grant PGA, you can download a PDF of the 1098-T and send it to them. If you received your form by mail, please photocopy your 1098-T and mail it to them directly.
No, faxing 1098-T forms directly to tax preparers is not a service the University of Minnesota offers.
Please read the eligibility requirements. If you still feel there is an error, please contact your campus One Stop (in Crookston contact the Business Office) for assistance.
This should be corrected. Please contact your campus One Stop (in Crookston contact the Business Office) for assistance. You will be asked to produce a copy of your social security card as verification.
Generally, these items are not tracked within the student finance system of the University. Each student must keep track of their qualified charges (books, required equipment) on their own. Please contact the IRS or your personal tax preparer for assistance or review the information at irs.gov/pub/irs-pdf/p970.pdf.
Charges and fees associated with room, board, student activities, athletics, insurance, non-required equipment, transportation, and similar personal, living, or family expenses are not qualified charges.
The tuition and fees portion of the student abroad program fee is deemed as qualified tuition for the purposes of determining education tax credits; however, personal expenses and fees for costs such as room and board, insurance, medical expenses, transportation and similar living or family expenses are excluded from the definition of “tuition and related expense”.
If your student was enrolled in either of these programs and had qualified charges that were paid during the calendar year, the University of Minnesota is required to provide the 1098-T form. High school students are not precluded from these tax benefits. Please consult your tax advisor to determine whether claiming these benefits at this point in time works to your advantage or whether you should claim these benefits when the student enrolls as a full-time student.
If you are classified as a Non Resident Alien as defined by the IRS and are coded as such in the University of Minnesota student records system, you will not be sent a 1098-T form. Please contact the IRS or your personal tax preparer for assistance.
A 1098-T form is not meant to give student status certification. If you did not pay for qualified tuition and fees, you will not be sent a 1098-T form.
Not necessarily! For calendar years 2018 and beyond, only amounts paid for qualified tuition charges are reported on the 1098-T form. Prior to 2018, each student needed to determine the amount paid for tuition using their own records. For all years before 2018 and after 2018, any related qualified expenses for the American Opportunity Tax Credit need to be determined from records kept by the taxpayer. The University does not track these type of expenses (such as cost of required textbooks and required equipment) on the 1098-T. Also see irs.gov/pub/irs-pdf/p970.pdf.Box #5 of the 1098-T constitutes scholarships processed by the University and may be taxable income to the extent Box #5 exceeds the actual amounts PAID for tuition, books, required course fees, and required equipment. The taxpayer will need to determine the amount of income to report on their tax returns from their own records. You may find the guidance here helpful. Also see additional IRS guidance at irs.gov/pub/irs-pdf/p970.pdf.
A few (not all) scholarships and fellowships provided to employees for graduate courses are subject to tax and reported on their W-2. When this happens, the University treats such amounts as tuition paid and reports them in box 1 of the 1098-T. Please see IRS guidance on educational tax benefits atirs.gov/pub/irs-pdf/p970.pdf.
Tuition benefits provided to employees under the Regents Scholarship program are generally not reported on the 1098-T unless they are subject to tax. However, fees paid by the employee relating to those courses may be reported on the 1098-T. A portion of the graduate tuition benefit provided under the Regents Scholarship may be reported as taxable income to the employee and reported on the employee’s W-2. In those limited situations, the University treats the taxable amount as tuition paid by the student on the 1098-T.
Please contact the IRS or your personal tax preparer for assistance or review the information at irs.gov/pub/irs-pdf/p970.pdf.