Office of the TreasurerUniversity of CincinnatiDivision of Administration and FinanceOffice of the Treasurer

Office of the Treasurer

Form 1098-T

 

STUDENTS ONLY:  Download your Form 1098-T by CLICKING HERE!

AUTHORIZED PARENTS/FRIENDS: Follow this link to UC's Parent/Friend Access page.  Select the "continue" link near the bottom of the page, where parents/friends who have been authorized by the student can download the student's Form 1098-T.

Link here to our 1098-T FAQ page.

IRS Articles of interest to students and families

1098T Form

Official 2015 IRS "Instructions for Student"

You, or the person who can claim you as a dependent, may be able to claim an education credit on Form 1040 or 1040A.  This statement has been furnished to you by an eligible educational institution in which you are enrolled, or by an insurer who makes reimbursements or refunds of qualified tuition and related expenses to you.  This statement may help you claim an education credit.  To see if you qualify for a credit, and for help in calculating the amount of your credit, see Pub. 970, Tax Benefits for Education; Form 8863, Education Credits; and the Form 1040 or 1040A instructions.

Your institution must include its name, address, and information contact telephone number on this statement.  It may also include contact information for a service provider.  Although the filer or the service provider may be able to answer certain questions about the statement, do not contact the filer or the service provider for explanations of the requirements for (and how to figure) any education credit that you may claim.

Account number.  May show an account or other unique number the filer assigned to distinguish your account.

Caution.  Education credits may only be claimed for qualified tuition and related expenses that were actually paid in 2015.  Institutions may report either payments received during the calendar year in box 1 or amounts billed during the calendar year in box 2 and they may change their reporting method as reported in box 3.  [UC NOTE: UC reports amounts billed in box 2, and this is why box 1 is always blank.]  The amount shown in box 1 or box 2 may represent an amount other than the amount actually paid in 2015.

  • Box 1.  Shows the total payments received in 2015 from any source for qualified tuition and related expenses less any reimbursements or refunds made during 2015 that relate to those payments received during 2015.  [UC NOTE: Box 1 is always blank on our Form 1098-T.  See Caution above.]
  • Box 2.  Shows the total amounts billed in 2015 for qualified tuition and related expenses less any reductions in charges made during 2015 that relate to those amounts billed during 2015.
  • Box 3.  Shows whether your institution changed its method of reporting for 2015. [UC NOTE: UC did not change our method of reporting.]  It has changed its method of reporting if the method (payments received or amounts billed) used for 2015 is different than the reporting method used for 2014.  You should be aware of this change in figuring your education credits.
  • Box 4.  Shows any adjustment made for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T.  This amount may reduce any allowable education credit that you claimed for the prior year (may result in an increase in tax liability for the year of the refund).  See "recapture" in the index to Pub. 970 to report a reduction in your education credit or tuition and fees deduction.
  • Box 5.  Shows the total of all scholarships or grants administered and processed by the eligible educational institution.  The amount of scholarships or grants for the calendar year (including those not reported by the institution) may reduce the amount of the education credit you claim for the year.
  • TIP.  You may able to increase the combined value of an education credit and certain educational assistance (including Pell Grants) if the student includes some or all of the educational assistance in income in the year it is received.  For details, see Pub. 970.
  • Box 6.  Shows adjustments to scholarships or grants for a prior year.  This amount may affect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year.  You may have to file an amended income tax return (Form 1040X) for the prior year.
  • Box 7.  Shows whether the amount in box 1 or 2 includes amounts for an academic period beginning January – March 2016.  [UC NOTE: This box will be checked if you registered during October-December 2015 for Spring Semester 2016 classes.]  See Pub. 970 for how to report these amounts.
  • Box 8.  Shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at the reporting institution.
  • Box 9.  Shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential.  
  • Box 10.  Shows the total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer.  The amount of reimbursements or refunds for the calendar year may reduce the amount of any education credit you can claim for the year (may result in an increase in tax liability for the year of the refund).
  • Future developments.  For the latest information about developments related to Form 1098-T and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form1098t.