What is the 1098-T Form?
The 1098-T, also called your “Tuition Statement,” is a form sent by the University of Miami that helps you and the IRS determine eligibility to claim educational-related tax credits.
Educational institutions like the University of Miami are required to file informational forms with the IRS that indicate a student’s enrollment and to report payments received for qualified tuition and related expenses.
The form is informational for your records, you do not need to submit it with your tax return.
Knowing if you’re eligible for a tax credit is your responsibility. You can learn more about this from Publication 970 from the IRS.
The forms are mailed and postmarked to eligible students by January 31st and include the following:
Box 1: Total payments received for the calendar/tax year from all sources and applied to qualified tuition and related expenses.
Box 2: Now no longer used, will be grayed out.
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 7: Checked if Box 1 amounts include payments for an academic period beginning January–March of the following calendar year
Box 8: Indicates at least half-time status
Box 9: Graduate student status
How to access your 1098-T
*The University of Miami cannot provide individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer. For more information about Form 1098-T, visit IRS.gov
Or please email officeofstudentaccounts@miami.edu.
