IRS Form 1098-T-Tuition Statement
The I.R.S. requires colleges and universities to collect social security numbers or individual taxpayer numbers (ITIN) for all tuition paying students; and USF is required to provide students with IRS Form 1098-T (Tuition Statement) at the end of each calendar year. 1098-T information for previous years is available online for students through myUSF. This form is used by the taxpayer in the computation of any eligible tax credit.
If you have not done so already, please provide your Social Security Number by completing and submitting IRS form W-9S to Student Enrollment Services or by following the instructions at to SSN and Names Changes by November 1, 2019 to ensure your information has updated prior to the issuance of the 1098-T.
If you refuse to provide your SSN or ITIN, or you provide an incorrect number, the I.R.S. is empowered to impose penalties. Note: Institutions are not required to report the demographic and financial data for students with nonresident alien status during a reporting year unless the student requests a 1098-T form. To receive a 1098-T, students with nonresident alien status must specifically request a 1098-T from the Office of Student Accounts and have a social security number (SSN) or individual taxpayer number (ITIN) on file with the university by March 1, 2020.
The 1098-T form is a Tuition Statement provided by higher education institutions to all students who have been charged for tuition during the calendar 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 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.
University of San Francisco 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.
Students can view their Electronic 1098-T through myUSF View & Pay.
The University is required to report total amount of Qualified Tuition and Related Expenses (QTRE) paid during the year.
The IRS defines QTRE as items directly related to a student's education. QTRE includes tuition and enrollment fees.
The IRS does not consider the following items to be related directly to the student's education: room/housing, board/dining, health fees, recreation fees, and fees covering travel and related expenses.
In previous years, your 1098-T included a figure 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.
Box 5 includes all scholarships and grants that have been posted to your student account during the calendar year. This box may also include payments from outside agencies, for scholarships, VA Benefit payments, or other tuition payments made by third party agencies.
Per IRS Publication 970, payments you receive for education, training, or subsistence under any law administered by the Department of Veterans Affairs (VA) are tax free. However, for U.S. tax reporting purposes, Post-9/11 (Chapter 33) benefits designated for tuition and fees do not count as qualified payments against federal education tax credits. As required, all Post-9/11 (Chapter 33) benefit payments made to the University are included in Box 5, reducing the tax credit eligibility. Stipends and payments made directly to the student are not included in the 1098-T form.
USF mails the 1098-T form only to students that did not opt for electronic delivery only on myUSF View & Pay, at the student’s address on file. Students are expected to provide the tax form to their parent(s), guardian, or tax preparer. Students can also view this form online on myUSF View & Pay.