My 1098-T Form
What is the 1098-T form?
The 1098-T form contains data elements that the IRS requires to calculate your eligibility for the American Opportunity Credit (including the Hope Scholarship Credit) and Lifetime Learning Credit. The IRS requires schools to report either payments received for qualified tuition and fees or amounts billed for qualified tuition and fees during the calendar year. Tufts only reports amounts billed (box 2). We also report scholarships and grants received in box 5. Receipt of a 1098-T does not automatically establish eligibility for educational tax credits. You should consult a tax advisor to determine your eligibility.
How will I receive Form 1098-T?
You will receive IRS form 1098-T electronically if you meet the IRS’ reporting requirements in January. The form will be mailed to your address of record by late January. You can download your 1098-T at GDIT TRA Services, Inc. If you have not done so already, please provide your social security number or international tax ID (ITIN) to Tufts prior to the end of the calendar year by filling out a W-9S form and mailing or returning it in person to Student Services.
Why is box 1 blank on my form?
Box 1 is blank because the IRS gives schools the option of reporting in box 1 (payments received) or box 2 (amount billed). Tufts reports tuition and fees billed. Students should consult their student account in Student Information System (SIS), banking records or prior bills for payment information.
Why did I not receive a form?
All U.S. citizens and permanent residents will be issued a 1098-T if qualifying transactions take place during the calendar year, regardless of whether or not we have your SSN or ITIN. Submitting your 1098-T without a SSN or ITIN may result in a fine by the IRS. If you do not have a qualifying transaction OR you are an international student that does not have an ITIN on file with Tufts, you will not get a form.
Am I eligible for a tax credit?
Tufts University cannot provide tax advice. The IRS Home Page is an excellent source for tax information, forms, and advice. The Lifetime Learning Credit and American Opportunity Credit IRS web pages contain important information on frequently asked questions for each tax credit.
More resources about the various credits are available at the GDIT TRA Services Resource Page.