Student Services Department
Form 1098-T
Humphreys University provides the IRS Form 1098-T each year as required by the Internal Revenue Service (IRS) to assist you in completing your individual tax return. The University is required to distribute your 1098-T by January 31 of each year.
The University strongly recommends seeking professional assistance when claiming an education tax credit.
Helpful information is provided below. If you have additional questions about your 1098-T, please contact Student Services at 209-478-0800 or [email protected].
What is a 1098-T?
The IRS Form 1098-T is an information form filed with the Internal Revenue Service.
The IRS Form 1098-T that you receive as a college student reports amounts paid for qualified tuition and related expenses, as well as other related information.
Who will receive a 1098-T?
Eligible colleges or other post-secondary institutions send the 1098-T to college students who paid “qualified educational expenses” in the preceding tax year.
Who will NOT receive a 1098-T? Are there exceptions?
Humphreys University will not file a 1098-T or furnish a statement for:
1. Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program;
2. Nonresident alien students, unless requested by the student;
3. Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships; or
4. Students for whom Humphreys University does not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student’s employer or a governmental entity, such as the Department of Veterans Affairs or the Department of Defense.
When will you receive your 1098-T?
Humphreys University is required to furnish 1098-T statements by January 31 of the year following the reporting year. For example, you will receive your 2022 1098-T before January 31, 2023.
What information will you receive from Humphreys University about your 1098-T?
All information that Humphreys University can or will provide you is either on the 1098-T form or is included on this webpage.
We will not discuss tax implications, how this form may relate to you, or give you tax advice. Please consult your tax preparer with all questions related to this document. Helpful links to the IRS are at the bottom.
Why is a 1098-T important to you as a student?
You, or the person who may claim you as a dependent, may be able to claim an education tax credit on IRS Form 1040 for the qualified tuition and related expenses that were actually paid during the calendar year.
We strongly recommend seeking professional assistance when claiming an education tax credit.
Are you required to claim the tuition and fees deduction?
There is no IRS requirement that you must claim the tuition and fees deduction or an education credit. Claiming education tax benefits is a voluntary decision for those who may qualify.
What if I feel my 1098-T is incorrect?
Please call the Registrar’s Office at 209-478-0800 or email at [email protected] or [email protected] (law students) to provide updated proof of your social security number. You may also use our online Change of Records form on the our website at Request for Change in Records | Registrar’s Office (formsite.com). Please upload proof of your social security number if your social security number on your 1098-T is not the correct number.
How do I attach the 1098-T to my tax return?
You are not required to attach IRS Form 1098-T to your tax return.
The IRS Form 1098-T is not like the IRS Form W-2 obtained from your employer, which is required to be attached to the tax return filed with the IRS.
The primary purpose of the IRS Form 1098-T is to let you know that Humphreys University has provided required information to the IRS to assist them in determining who may be eligible to claim the tuition and fee deduction or an education credit.
Determining Qualified Tuition & Related Expenses
What is a qualified tuition and related expense?
Qualified Tuition and Related Expenses:
Resident and Non-resident tuition
Program specific charges (example: Adaptibar, ev360, CALTPA, etc.)
Required general fees
Charges NOT considered Qualified Tuition and Related expenses and therefore not included:
Late fees and service charges
Library fines and fees
Application fees
Transcript fees
Please note that the timing of each charge and payment/scholarship are important regarding which year they are reported in. Many students have charges from November or December that may be refunded or otherwise adjusted in January. Please consult a tax preparer regarding what this means to your individual tax situation.
What if funding was received from the CARES ACT Higher Education Emergency Relief Funds (CARES HEERF)?
Sections 3504, 18004, and 18008 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, allow higher education institutions to use certain funds allocated by the Department of Education to support students and higher education institutions with expenses and financial needs related to the coronavirus (COVID-19) pandemic.
Based on guidance provided by the Internal Revenue Service (IRS), we have not included any CARES HEERF Funds that were awarded to students in the 1098-T.
Other forms of emergency aid, such as The Mountaineer Emergency Fund, are required to be included on IRS Form 1098-T. See IRS Frequently Asked Questions concerning CARES HEERF Fund Awards.
Helpful Links
https://www.irs.gov/individuals/students
https://www.irs.gov/taxtopics/tc421
https://www.irs.gov/individuals/international-taxpayers/foreign-students-and-scholars
https://www.irs.gov/newsroom/tax-benefits-for-education-information-center
https://www.irs.gov/forms-pubs/about-publication-970
Special Note regarding Tuition/Fee Waivers: Please see the link below for additional information regarding impact of Tuition and Fee Waivers on your taxes:
https://www.irs.gov/newsroom/tax-benefits-for-education-information-center
How are amounts paid for qualified tuition and related expenses determined?
BOX 1 of IRS Form 1098-T reports the qualified tuition and related expenses paid during the calendar year.
Sometimes this is referred to as qualified education expenses, although the two are not always interchangeable. Consult a tax professional for an explanation.
For purposes of IRS Form 1098-T, Humphreys University has determined, based on interpretation of the limited IRS guidance provided, which charges are included or are not included in qualified tuition and related expenses.
Please note, IRS Publication 970 states that “the amount on Form 1098-T might be different from the amount you actually paid and are deemed to have paid.”
Further IRS Form 8863 instructions state that “The amount of qualified Tuition and related expenses reported on Form 1098-T may not reflect the total amount of the qualified tuition and related expenses paid during the year for which you may claim the tax credit. You may include qualified tuition and related expenses that are not reported on IRS Form 1098-T when claiming one of the related credits if you can substantiate payment of these expenses.”
What about adjustments to your account made for a prior year?
BOX 4 of Form 1098-T reports adjustments made to qualified tuition and related expenses reported on a prior year Form 1098-T in BOX 2.
The amount reported in BOX 4 represents a reduction in tuition billed during a prior calendar year. For example, if you were billed for Winter classes in December and withdrew from classes in January, BOX 4 reports the decrease in billed tuition due to the withdrawal. The amount reported in BOX 4 for adjustments to qualified tuition and related expenses may reduce any allowable education credit you may claim for the prior year. See IRS Form 8863 or IRS Publication 970 for more information.
How are scholarships and grants reported?
BOX 5 of IRS Form 1098-T reports the total of scholarships or grants administered or processed by the University during the calendar year.
Please note that the timing of each charge and scholarship are important regarding which year they are reported in. Please consult a tax preparer regarding what this means to your individual tax situation.
Exceptions:
The amount reported in BOX 5 does not include:
• Tuition waivers provided during the calendar year.
• Student Loans
• Work Study
• Employment
• Scholarships, grants, reimbursements, or other types of sponsorships not administered by the University.
What about Veteran’s Education Benefits?
Per IRS instructions, Veteran’s Education Benefit amounts received are included in BOX 5.
What about adjustments to scholarships or grants for a prior year?
BOX 6 of IRS Form 1098-T reports adjustments made to scholarships or grants reported on a prior year Form 1098-T that was in BOX 5. The amount reported in BOX 6 represents a reduction in scholarships or grants reported for a prior calendar year. The amount reported in BOX 6 for adjustments to scholarships or grants may affect the amount of the education credit you may claim for the prior year. See IRS Form 8863 for how to report these amounts.
What additional information is reported?
BOX 7 indicates, if checked, that BOX 1 includes amounts paid for an academic period beginning in the next year.
BOX 8 shows whether you are considered to be at least one-half of the normal full-time workload for at least one academic period during the calendar year.
BOX 9 shows whether you are considered to be enrolled in a program leading to a graduate level degree, certificate, or other recognized education credential.
