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.P.S. 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 credit deductions, such as the Lifetime Learning Tax Credit, Hope Scholarship Tax Credit, or the Above-the-Line Tax Deduction for Qualified Higher Education Expenses. See the IRS web site at irs.gov/pub/irs-pdf/p970.pdf for more information.
The University of Minnesota is required to provide a 1098-T form to any student that was enrolled and had qualified tuition billed during the previous calendar year. For calendar year 2016 and going forward, all enrolled students who were billed qualified tuition and related expenses will get a 1098-T issued to them. For 2015 and prior years, if you received more scholarships and/or grants than the amount of qualified tuition and fees billed, you did not receive a 1098-T.
There are several reasons why a 1098-T form may not be generated or received:
- If you are classified as a Non Resident Alien on the University of Minnesota’s student record database.
- If you didn’t provide us with your Social Security Number (SSN). If you provide your SSN to your campus One Stop they can send a 1098-T form to you.
- If 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.
Qualified expenses paid with student’s earnings, a loan, gift, inheritance, or personal savings are included; however, expenses paid with a Pell Grant, other tax-free scholarship, tax-free distribution from Education IRA, or tax-free employer provided educational assistance are not counted. 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.
The underlying tax law mandating Box 1 reporting was passed in late calendar year 2015. The U.S. Treasury and IRS have drafted regulations but have not finalized the regulations yet. Until those regulations are finalized, the IRS and Treasury have allowed the University to continue to report using Box 2. We will report in Box 1 as soon as the University knows how the Treasury/IRS want this reported. As a result, the University currently reports amounts billed for qualified tuition (box 2); however, the amount in box 2 of Form 1098-T may be different than what you actually paid. When figuring for education tax benefits purposes, use only the amounts you paid out-of-pocket in that tax year.
Only amounts billed by the University are on the 1098-T form. 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 at irs.gov/pub/irs-pdf/p970.pdf.
1098-T forms are available electronically if you agreed to the MyU eAgreement. You can learn how to view your form by going to One Stop. Students 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 Finances section of MyU. If the year wanted is not listed, contact your campus One Stop.
Yes, if you were eligible to receive a 1098-T form. Contact your campus One Stop for this information.
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 to our student account. That access will allow them to view and print your 1098-T forms. If you received your form by mail, please photocopy your 1098-T and mail it to them directly. If you've misplaced your copy of the 1098-T, please contact your campus One Stop for a duplicate copy.
Faxing 1098-T forms directly to tax preparers is not a service the University of Minnesota offers.
Please read all of the information available here. If you still feel there is an error, please contact your campus One Stop for assistance.
Please contact your campus One Stop 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 had more qualified charges (Box 2) than they had in scholarships and grants (Box 5), the University of Minnesota is required to send the 1098-T form. High school students are not precluded from these tax benefits.
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 were not billed for qualified tuition and fees, you will not be sent a 1098-T form.
Not necessarily! Only amounts billed by the University are on the 1098-T form. 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.
Box #5 of the 1098-T constitutes scholarships which are considered to 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 figure the correct amount from their own records.
Please contact the IRS or your personal tax preparer for assistance or review the information at irs.gov/pub/irs-pdf/p970.pdf.