If the student withdrew and earned no academic credit.Students whose qualified tuition and fees are paid entirely with scholarships and/or grants.You enrolled for courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program.PER IRS REGULATIONS, UNIVERSITIES ARE NOT REQUIRED TO PROVIDE A 1098-T IN THE FOLLOWING INSTANCES: (Box 5) Scholarships and Grants received during the calendar year, includes Spring 2022, Summer 2022 and Fall 2022.The amount reported in Box 1 is NOT reduced by scholarships and grants reported in box 5.Other charges, including housing and meal plans are not considered qualified education expenses for 1098-T purposes. Qualified education expenses include tuition and fees required for enrollment.
Total payments reported in Box 1 cannot exceed the amount of applicable qualified education expenses. Amounts reported as payments include personal payments, loans, and scholarships/grants received during the calendar year for qualified education expenses less any refunds issued due to over-payments of tuition.(Box 1) Amounts paid for qualified tuition and related expenses (QTRE), includes Spring 2022, Summer 2022 and Fall 2022.IRS Regulations require colleges and universities to report all payments received (up to the amount of qualified tuition and fees) in Box 1 of the 1098-T. To help determine the tax credit you may be eligible for, please review IRS Form 8863 - Education Credits, Instructions for Form 8863, and IRS Publication 970 - Tax Benefits for Higher Education.įor more information, please visit the IRS website. This form, in conjunction with personal financial records, is used to assist you and your parents in calculating any educational tax credits you may be eligible for. The IRS Form 1098-T Tuition Statement reports the payments made for qualified education expenses during the calendar year.
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