1098-T Form - Tuition Statement
The tax forms are mailed and postmarked to students by January 31st and include the following:
- Box 1: Starting in tax year 2018, due to IRS legislation that changed Form 1098-T reporting requirements, the University of Miami will report payments received for qualified tuition and related expenses in Box 1. Prior to 2018, IRS allowed reporting in Box 1 payments received, OR in Box 2 amounts billed for qualified tuition and related expenses. Box 2 will no longer be used and will be grayed out on the form.
- Box 2: Now no longer used, will be grayed out. Used to contain amounts billed for qualified tuition and related expenses for years prior to 2018.
- Box 4: Adjustments made for a prior year
- Box 5: Scholarships or grants
- Box 6: Adjustments made to scholarships or grants for a prior year
- Box 8: Half-time status
- Box 9: Graduate student status
The University of Miami cannot provide tax advice. A tax professional should be consulted for such advice. Below is some helpful information regarding tax benefits and accessing the Form 1098-T.
Why is the 1098-T Form important to you?
The 1098-T Form helps you identify eligible college expenses for valuable education credits up to $2,500.
This form is not required to be included with your tax return. In addition, receipt of the 1098-T form does not indicate eligibility for the tax credit.
How do I access my 1098-T?
The 1098-T tax forms are mailed and postmarked to students by January 31st. Online access is currently available for tax years 2013 and thereafter, where applicable.
You can view your 1098-T by clicking here.
Why did I not receive a 1098-T?
See exceptions listed on the IRS website providing information on Form 1098-T.
