Understand your 1098T Tax Form
Special note: as of Calendar Year 2018, UMass Amherst is required to report payments received (Box 1). This is a change from prior years, when the University reported charges billed (Box 2).
The amount in Box 1 of the form will show the amount that the student paid towards qualified tuition and related expenses (QTRE) in the reporting year. Qualified tuition and related expenses include:
Tuition Service Fee
Technology Fee Graduate Senate Tax
Student Activities Fee New Student Enrollment Fee
Honors College Fee Commencement Fee
ISOM Fee Graduate Entering Fee
Engineering Fee CPE Registration Fee
Lab Fees Course Fees
Room, meal plan, health fees, fines, and other fees not related to course enrollment are NOT considered qualified educational expenses.
If you received a tuition credit, then the amount of the qualified educational expenses is reduced by that amount, and Box 1 will be the amount you paid toward the reduced qualified educational expenses.
Only payments for qualified educational expenses are reported in Box 1. It is very likely that if you are paying room and meal plan charges to the University, Box 1 will be less than the total amount of payments you made.
Box 5 of the 1098T form includes the amount of scholarships and grants that you received during the year.
When claiming education credits and deductions on your income tax return, you will need to report amounts paid; your student tuition bills will be the best and most helpful resource for purposes of determining your allowable education tax credits or deductions. Student tuition bills are available online through SPIRE (for students) or through Authorized Payer Access to QuikPAY (for parents).
For more information about your eligibility for Educational Tax Credits and the 1098T tax form, please visit the IRS website at https://www.irs.gov/pub/irs-pdf/p970.pdf or consult with a tax professional.