Understanding My 1098T
Overview of IRS Form 1098-T
Education tax credits may be available to you if you are paying education costs for yourself or a student who is a member of your immediate family. Internal Revenue Service (IRS) Form 1098-T enables you to determine if you qualify for one or more of these education tax credits.
University of Illinois is required to provide a completed IRS Form 1098-T to all enrolled* students for whom a reportable transaction is made, then to report those students’ enrollment and summary financial data to the IRS. A reportable transaction is defined as tuition and fees a student must pay to be enrolled in a degree program.
University of Illinois reports the amount billed for qualifying tuition and fees in Box 2 of Form 1098-T, and the total amount of scholarships and grants in Box 5 (up to $5,250 of graduate level tuition and fee benefits awarded to Graduate Assistants (GAs) and employees are reported in Box 5 of the IRS Form 1098-T; amounts exceeding $5,250 are reported on IRS Form W-2). Note: The reporting of scholarships and grants on Form 1098-T does not determine the taxability of those payments; it is the student’s responsibility, not the University’s, to determine the taxability of scholarships, fellowships and/or grants received.
University of Illinois will deliver your completed IRS Form 1098-T to you electronically every year you have a reportable transaction. To view and print your Form 1098-T:
- Log into Student Self Service;
- Select Account Billing Information;
- Select 1098-T Tax Information;
- Select Tax Year;
- To print, use your browser’s Print function.
If you have graduated or left the University of Illinois and no longer have access to Student Self Service, call USFSCO Customer Service at:
- UIC - (312) 996-8574
- UIS - (217) 206-6727
- UIUC - (217) 333-2180
In order to provide you with IRS Form 1098-T, and to report your enrollment and financial data to the IRS, the University must have:
- Your valid Social Security Number (SSN): while University policy does not require your SSN in the University’s admissions process, IRS regulations require us to request your SSN, and you are subject to an IRS penalty if you fail to furnish your correct SSN to us. If the University does not have your valid SSN on file, USFSCO will email you in November or early December to request it. You must use IRS form W-9S, which may be downloaded from the IRS website at http://www.irs.gov/pub/irs-pdf/fw9s.pdf, to provide your SSN.
- Your valid address: in order to ensure timely and accurate reporting of your Form 1098-T each year, please keep all your addresses up to date in University records. To update your address:
- Log into Student Self Service;
- Select “Personal Information”;
- Select and update as necessary your “Addresses & Phones”.
For complete information about education tax credits, see the current versions of IRS Publication 970, Tax Benefits for Education, Form 8863, Education Credits, and Form 1040 or 1040A Instructions, or consult your tax advisor. For instructions on completing the form, see the current version of IRS Form 1098-T.
*The University is not required to provide Form 1098-T for: 1) Courses for which no academic credit is offered, even if the student is enrolled in a degree program; 2) Nonresident alien students, unless requested by the student; 3) Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants.
To see more information on the IRS Form 1098-T please review our 1098-T FAQs.
Below is a sample of the 1098-T form. Roll over the image to read about the different parts of your 1098-T.
- Box 1
Schools may elect to report data for either Box 1 or Box 2 but not for both. University of Illinois elects to report data for Box 2, so Box 1 is blank.
- Box 2
Contains the total amount that was billed during the calendar year for qualified tuition and related expenses. This is defined as “tuition and fees that a student must pay to be enrolled at or attend an eligible educational institution.” Non-Reportable Transactions include: 1) Amounts paid for courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program. Academic credit means credit awarded for the completion of course work leading to a post-secondary degree, certificate or other recognized post-secondary educational credential. 2) Amounts paid for any course or other education involving sports, games, or hobbies, unless the course or other education is part of the student’s degree program. 3) Charges and fees for room, board, insurance, medical expenses (including student health fees), transportation, and similar personal, living, or family expenses..
- Box 3
Is checked if the University of Illinois has changed its method of reporting from the prior year. University of Illinois has not changed its reporting method, so Box 3 is blank.
- Box 4
Contains any billing adjustments in qualified tuition and related expenses that were made during the calendar year for a prior calendar year.
- Box 5
Contains the total amount of all scholarships/grants and fellowship stipends received during the calendar year. Note: Only up to $5,250 of graduate level tuition and fee benefits awarded to Graduate Assistants (GAs) and employees are reported in Box 5 of the IRS Form 1098-T; amounts exceeding $5,250 are reported on IRS Form W-2.
- Box 6
Contains any scholarship/grant adjustments that were made during the calendar year for a prior calendar year.
- Box 7
Is checked if the amount reported in Box 2 includes amounts for an academic period beginning January through March of this calendar year.
- Box 8
Is checked if the student was enrolled in 6 or more credit hours in the fall semester, spring semester, or summer semester.
- Box 9
Is checked if the student was a graduate student the University of Illinois at any time during the reported calendar year. A student is considered a graduate student by the IRS if they are enrolled in a graduate program or programs leading to a graduate degree, graduate level certificate, or other recognized graduate-level educational credential.
Filer’s Name and Address box.
- ID Number
Filer’s Federal Identification Number box.
Student’s Social Security Number box.
Student’s Name and Address boxes.
For more information watch our video on your Educational Tax Credit: