The Form 1098-T contains data to help you calculate your eligibility for higher education-related tax deductions or credits on your personal income tax return.
The IRS requires schools to report payments received for qualified tuition and fees during the calendar year in Box 1 on Form 1098-T, as well as scholarships and grants received on behalf of the student in Box 5.
Receipt of a 1098-T does not automatically establish eligibility for educational tax deductions or credits, nor does it provide all information that might be needed to calculate any taxable portion of scholarships/grants received.
There is no IRS or UNCW requirement that you claim an educational tax deduction or credit. UNC Wilmington cannot provide tax advice.
You should refer to the IRS webpage or consult a tax advisor for further tax questions or advice.
Instructions for how to view your 1098T tax form via mySeaport: