1098-T Tuition Statement
1098-T tax information will be available to eligible students on or before January 31 each year per IRS Regulations. Students will be able to view and print the Form 1098-T through MyUT portal.
Students may consent to receive their 1098-T Tuition Statement electronically. UToledo highly recommends opting into receiving the 1098-T Tuition Statement electronically, please complete the following steps:
- Log into MyUT portal
- Enter UTAD credentials
- On Student tab, in My ToolKit under My Accounts, click 1098-T Electronic Consent
The dollar amounts reported on the Form 1098-T may assist in completing IRS Form 8863
- the form used for calculating the education tax credits that a taxpayer may claim
as part of their tax return.
The responsibility of a properly completed the IRS Form 8863 belongs to the taxpayer,
not the University. UToledo's staff are not permitted to offer any guidance or advice regarding the filing
of Form 1098-T. For further assistance, please consult IRS Publication 970.
Please review the Frequently Asked Questions below to learn more about the Form 1098-T.
FAQs
What is a 1098-T Tuition Statement?
UToledo is required to produce the Form 1098-T Tuition Statement by the IRS. This
form is informational only and is utilized for the purpose of determining a taxpayer's
eligibility for Hope, Lifetime Learning, or American Opportunity education tax credits
outlined in the IRS Publication 970.
Who is eligible to receive a 1098-T?
Each student who is enrolled and for whom a reportable transaction is made during
the calendar year.
Although your Social Security Number (SSN) or Individual TaxPayer Identification Number
(ITIN) is not a requirement for admission to UToledo, we are required to collect one
or the other for purpose of tax reporting.
If you need to provide your SSN or ITIN information to UToledo, please complete the
following:
- IRS Form W-9S
- Do not scan or email the W-9S form, this is not a secure means of providing the information to UToledo
- Return the W-9S form and your Social Security card or Individual Taxpayer Identification card to Rocket Solution Central (Rocket Hall, Room 1200) no later than December 31st
Reviewing your Form 1098-T?
The IRS mandates institutions to report Form 1098-T information based upon payments
received for Qualified Tuition and Related Expenses (QTRE).
The following information is included on the Form 1098-T and reported to the IRS:
-
- Box 1 includes all payments received during the tax year towards qualified tuition and related expenses.
- Box 4 reports any adjustments made for a prior tax year. These adjustments may be
a result of either of the following:
- Payment Received - if a student was issued a refund or reimbursement of QTRE made in 2020 that relate to payment received that were reported for any prior year.
- Amounts Billed - If the credit balance on the account was created in 2020 due to changes in payments for QTRE that were previously reported on the 2019 1098-T. Since spring charges are always billed in November/December of the prior year, these charges and related payments are accounted for on the 1098-T for the prior tax year.
- Box 5 includes all scholarships and grants paid toward a student's total cost of attendance during the
tax year. The total cost of attendance is comprised of tuition, mandatory fees, books
and supplies, room and board, student health insurance, etc. Box 5 includes scholarship/grant
payments toward the list of non-QTRE items charged to your student account. Examples
of Scholarships and Grants reported in Box 5:
- Corporation or employer under a third-party billing arrangement
- DoD Tuition Assistance and any other support for service members and dependents
- Federal Pell, SEOG, or other grants
- Institutional scholarships/grants
- Private nonprofit or other organization scholarship/grant payments
- Scholarships restricted to room and board
- State grants
- Veteran's benefits (Chapter 31, Chapter 33 (Post 911 GI Bill, and Yellow Ribbon)
- Box 6 is for adjustments to scholarships/grants made for any prior year.
- Box 7 is checked if payments received during the tax year towards QTRE on the 1098-T are for an academic period beginning January-March of the subsequent tax year. Spring charges are always billed in November/December of the prior year, which is why Box 7 may be checked.
- Box 8 is checked if enrolled at least half-time during any semester that began in calendar year 2020.
- Box 9 is checked if a graduate student.
Why didn't I receive a Form 1098-T from UToledo?
Reportable transactions did not occur within the tax year.
- Non-U.S. citizens that have not provided the University a Social Security Number (SSN) or Individual TaxPayer Identification Number (ITIN).
- Your 1098-T was mailed to a different address on file.
IRS regulations require mailing your Form 1098-T to your local/permanent address on file with the University at time of mailing, not your campus address. Check at home to see if your family received the form.
Remember to update your local address in MyUT portal.
How may I view and/or print my 1098-T?
- Log into MyUT portal
- Enter UTAD credentials
- On Student tab, in My ToolKit under My Accounts, click Tax Notification
- Enter a tax year
What am I supposed to do with the Form 1098-T?
Keep it for your records. Since the University sends your Form 1098-T information
to the IRS, there is no need to attach a copy of the form to your tax return.
Whom should I contact if I have questions regarding Form 1098-T?
Please contact the following if you need assistance:
- MyUT portal provides detail information on the calculation for each box.
- Rocket Solution Central (RSC), Rocket Hall 1200 or call 419-530-8700.