1098-T IRS information reporting
In January of each year, the Βι¶ΉΣ³» issues the IRS Form 1098-T to qualifying students. This form is informational only. It serves to alert students that they may be eligible for federal income tax education credits and should not be considered as tax opinion or advice.
In previous years, your 1098-T included an amount in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
Depending on your income (or your family's income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in , page 9.)
The dollar amounts reported on your Form 1098-T may assist you in completing - the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
Βι¶ΉΣ³» is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.
The electronic version of the 1098-T is available through your MyΒι¶ΉΣ³» for students who meet the criteria to have a 1098-T generated.
The University of Βι¶ΉΣ³» Reno does NOT produce a 1098-T for students whose QTRE is completely covered by scholarships, grants, or a third-party.
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