1098T

2015 1098T tax forms are available in MyCUInfo. Disable the pop-up blocker on your browser to access the form.

Students can print the form and provide it to parents or others who may be eligible to claim them as a dependent, if applicable. CU Boulder and its personnel cannot provide 1098T information directly to parents (see FERPA), others who may claim the student as a dependent, or tax professionals. If the student is claimed as a dependent on another person’s tax return (such as a parent), the student must give the 1098T tax form directly to that person. Forms are not mailed. For more information, see Consent to Conduct Business Electronically.

Every January the University of Colorado provides IRS Form 1098T to all students who were enrolled during the previous tax year. The main purpose of the form 1098T is to help students determine if they are eligible to receive two tax credits:  the American Opportunity credit and the Lifetime Learning credit. We follow Internal Revenue Code section 6050S and the corresponding regulations in reporting Form 1098T, Tuition Statement, for each year a student is enrolled in credit hours at the university. The University of Colorado elected the reporting of Tuition Statement Box 2, amounts billed, at the inception of the Form 1098T reporting requirement and has continued to report under this allowable method. Accordingly, as provided in regulations, the University of Colorado does not report Tuition Statement Box 1, payments received.

It is the taxpayer’s responsibility to determine the amount of qualified tuition and fees paid and to determine whether they are eligible for any tax credits.

To assist the student and the IRS in determining if the student qualifies for these tax credits, the university is required to indicate whether the student was enrolled at least half time for one semester during the calendar year. The IRS also requires the university to indicate if the student was enrolled exclusively in graduate level courses. If this indicator is marked, it could mean the student is not eligible for the American Opportunity credits. Please see Tax Breaks for Higher Education for credit requirements.

International students:  see Income Tax Obligations of International Students and Scholars

Resources

IRS Publication 970, Tax Benefits of Higher Education (Pub 970 for 2015 will be posted here as soon as the IRS publishes it.)

IRS Form 8863

College Tuition Tax Credits

IRS Tax Benefits for Education:  Information Center

American Opportunity Credit

For tax advice regarding your specific situation, contact a tax professional. For additional information, call the IRS at 800-829-1040.