Description of Items Reported to IRS
Box 1: Payments received for qualified tuition and related expenses. This box will be left blank on University of Massachusetts-Amherst 1098-T forms. Universities may choose whether to report payments received or amounts billed; they are not required to report both amounts. University of Massachusetts-Amherst has chosen to report qualified tuition and related expense amounts billed. Box 1 will therefore be left blank on all University of Massachusetts-Amherst 1098-T forms.
Box 2: Amounts billed for qualified tuition and related expenses. The amount listed in this box will contain the sum of all tuition and mandatory fees billed to a student's account during a calendar year, less any amounts by which tuition was reduced due to a reduction in course load or withdrawal. Decreases in amounts due on a student's account due to scholarship payments, student payments or other payments are not included in the Box 2 amount. The amount included in Box 2 includes charges billed during the calendar (tax) year regardless of term or when charges were paid. Amounts billed to a student for housing, meal plans, health insurance, or other non-required fees will not be included in the Box 2 amount. For more information on what is considered an eligible or qualified expense, please speak with a tax preparer or visit the IRS website at www.irs.gov.
Box 3: Box 3 shows whether the institution has changed its method of reporting.
Box 4: Adjustments made for a prior year. The amount in this box is the sum of all reductions in tuition (refunded or not) and qualified expenses billed, and therefore reported, in a prior year. This amount is reported as a positive number per IRS requirements. However, it is actually a decrease to the amount that was reported on a prior year 1098-T.
Box 5: Scholarships and Grants This box contains the sum of all scholarships that the University of Massachusetts-Amherst has administered and processed for the student's account during the calendar year. Scholarships that pay for tuition (qualified scholarships) as well as for housing, books, and other expenses (non-qualified scholarships) will be included in this amount. Financial Aid tuition waivers and grants that are applied to student accounts for educational expenses are included in this box.
Box 6: Adjustments to scholarships or grants for a prior year Decreases of scholarship, financial aid or grant amounts related to scholarships reported in a prior year are included in this box. This amount is reported as a positive number per IRS requirements. However, it is actually a decrease to the amount that was reported on a prior year 1098-T.
Box 7: This box will be checked if the amount reported in Box 2 includes tuition or qualified amounts billed to a student account in the current year that pay for a semester beginning in the next calendar year. For example, tuition billed in December 2011 for Spring 2012 will be reported on your 2011 1098-T. Box 7 will be checked to indicate that this is the case.
Box 8: A check in this box indicates that you are or have been enrolled at University of Massachusetts-Amherst at least half-time for at least one semester during the calendar year. If you are at least a half-time student for at least one academic period that begins during the year, you meet one of the requirements for the Hope credit. You do not have to meet the workload requirement to qualify for the Lifetime Learning Credit.
Box 9: This box will be checked if you are a student enrolled in a program leading to a graduate-level degree. If you are enrolled in a graduate program, you are not eligible for the Hope Credit, but you may qualify for the Lifetime Learning Credit.
Box 10: This box shows the total amounts of reimbursements or refunds or qualified tuition and related expenses made by an insurer. This box is not used by University of Massachusetts-Amherst so it will be blank.