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Student Financial Services Office - 1098T Information

The federal government provides two types of tax credits for educational expenses paid by you during the tax year. However, not all expenses you pay to the University are considered qualified expenses. In general tuition and fees that are directly related to your attendance and education are allowable. Room and board, insurance and other personal expenses are generally not allowed. You should review the IRS Publication 970 for more information - or you may consult your tax professional.

 

Students access their form online via myWings, Student Records, Student Self-Service, Financial Records, Tax Information (1098T). Enter the tax year and the form will display.

 

Please note:

In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTF) 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 QTF that was paid during the 2018 calendar year. This amount is not necessarily the amount you paid out-of-pocket towards qualified tuition and fees but the amount paid from any source.

 

Though you may have paid for your Spring 2018 tuition and fees in 2018, most students registered in 2017 and the amount of qualified tuition and fees was reported on the 2017 1098T. In order to include all information on one form, we have added supplemental information on the 2018 1098T that indicates the amount of QTF for the spring 2018 semester.

 

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 IRS Publication 970, page 9.)

 

The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 - the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.

 

The University of North Florida 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.

 

For more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.

 

The following FAQ is provided to assist you with some of the general questions that you may have regarding the 1098T form and is not intended to be provided as advice in completing your tax return.


Some Frequently Asked Questions