Student Accounts & Cashier Office

New 2018 1098-T Information

Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of qualified tuition and related expenses (QTRE) you paid during the year. You can still find information on charges that were billed by viewing your UNCW e-bill account.

Depending on your income (or your family’s income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)

The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.

The University of North Carolina Wilmington is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.

For more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.

Important notes:

  • 1098 -T Tax Forms will be available at the end of January 2019.
  • The University will be closed for winter break beginning December 21, 2018. Any check payments not received before this date will be processed upon our return, January 2, 2019. Electronic check payments made online via E-bill will show as credited to the student account on the day the payment was made.
  • The Cameron School of Business is offering Free Tax Preparation.

 

Please follow these TWO steps in order to receive your online 1098-T: 

STEP 1: Student's consent

Login to E-bill

Select 'My Account', Select 'Agreements', Click 'Accept Consent', Done!

STEP 2: Give Authorized User's permission to view Electronic 1098-T

In E-bill  Select the 'Authorized Users' tab at top

Click 'Edit' for an already established Authorized User (or first add a new authorized user)

Select 'yes' for the second option, would you like to allow this person to view your 1098-T tax statement?

Click 'Update User', Done!
  

Firefox or Internet Explorer are the recommended browsers to use to view your 1098T via E-bill.Check these documents to troubleshoot when using Chrome or Safari if you view a blank 1098T.

 

 


Tax Frequently Asked Questions

What is the 1098-T form?
Who will receive the IRS form 1098-T?

Was a copy of the 1098-T form sent to the IRS?

What educational expenses are considered as qualified tuition and related expenses?

What does each box on the 1098-T represent?
What other information do I need to claim the tax credit?
I paid my qualified tuition and related expenses with student loans. Can I still claim an American Opportunity or Lifetime Learning tax credit or the Higher Education Tuition and Fees Deduction?
If I pay college tuition and fees with a scholarship, can I claim an education credit on Form 8863 for those payments?
My address listed on the 1098-T has changed. Will this affect me?
Where was my 1098-T form mailed? How do I get a reprint of my 1098-T form?
How can I get an itemized listing of my financial activity that is on my 1098-T form?

What if I still have questions?


What is the 1098-T form?

The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student's name, address, and taxpayer's identification number (TIN), enrollment and academic status. Beginning with 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, taxable or not. A 1098-T form must also be provided to each applicable student. This form is informational only. It serves to alert students that they may be eligible for federal income tax education credits. It should not be considered as tax opinion or advice. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax credit. 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.

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Who will receive the IRS form 1098-T?

All domestic UNCW students who were officially registered and taking courses for academic credit in at least one of the following semesters will be sent the 1098-T if the payments made for qualified tuition and fee changes were posted to the student’s account during the calendar year 2018.  This may include payments made for the following semesters. 

  • Spring 2018 (payments made for charges that were not reported in Box 2 on the 2017 1098-T)
  • Summer 2018
  • Fall 2018
  • Spring 2019 (Students who registered and made payments for QTRE in calendar year 2018. Students who make payments of QTRE for Spring 2019 will have those payments included in Box 1 of their 1098-T form)

In addition, students who had adjustments to prior year tuition and fee payments, charges or scholarship awards during calendar year 2018 will be sent the 1098-T even if they were not enrolled for the semesters above. 

NOTE: It is up to each taxpayer to determine eligibility for the credits and how to calculate them.

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Was a copy of the 1098-T form sent to the IRS?

Yes. Section 6050S of the Internal Revenue Code, as enacted by the Taxpayer Relief Act of 1997, requires institutions to file information returns to assist taxpayers and the Internal Revenue Service in determining eligibility for the American Opportunity and Lifetime Learning education tax credits.

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What educational expenses are considered as qualified tuition and related expenses?

Tuition charges
Included Not Included
  • Graduate and Undergraduate Tuition
  • Technology Fees
  • Mandatory Fees
  • Residence Hall charges
  • Meal Plan charges
  • Application fees
  • Transcript fees
  • Diploma fees
  • Health Insurance

For more information about qualified educational expenses please go to: http://www.irs.gov/publications/p17/ch35.html#d0e74760

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What does each box on the 1098-T represent?

  • Box 1: The total payments from any source posted to your student account in 2018 for qualified tuition and related expenses, less any reimbursements or refunds made during 2018 that relate to payments received during 2018.  Please note the amount in Box 1 will not  always equal to or sum to the charges paid for calendar year 2018 because all charges are not considered qualified tuition and related expenses as defined by the IRS.  Example: health service fees, residence halls, meal plans and other fees are not qualified; therefore the full amount of fees paid may not be reported.  Note:  If you registered for and paid for Spring 2018 classes in 2017, those payments will not be included on the 2018. If you register and pay for Spring 2019 classes in 2018, those payments will be included on the 2018 1098-T.
  • Box 2: Beginning in tax year 2018, this box will no longer be used.
  • Box 3: Shows that UNCW changed its reporting method in 2018.  Will be checked for 2018 only.
  • Box 4: Shows the amount of any adjustments made for a prior year for qualified tuition and related expenses that were reported on a prior year 1098-T form.  This could reduce any allowable credit you claimed for the prior year.  This box will be blank for 2018 since 2018 is the first year the university has reported payments in Box 1.
  • Box 5: This box reports scholarship and grants, but not loans, posted to your account during the calendar year.
  • Box 6: Shows adjustments to scholarships or grants for a prior year.  This may affect any allowable credit you claimed in a prior year.
  • Box 7: If this box is checked, shows whether the amount in box 1 includes amounts for an academic period beginning January – March 2019.
  • Box 8: If this box is checked, it indicates the student was enrolled at least half-time for at least one semester during the tax year.
  • Box 9: If this box is checked, then the student was a graduate student at any time during the tax year.

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What other information do I need to claim the tax credit?

While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax credit. Most of the information needed must come from the student's personal financial records of what the student paid during the calendar year. Payment transactions can be viewed in E-bill. Additionally, each taxpayer and his or her tax advisor must make the final determination of qualifying expenses.

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I paid my qualified tuition and related expenses with student loans. Can I still claim an American Opportunity or Lifetime Learning tax credit or the Higher Education Tuition and Fees Deduction?

Yes. Loan funds should be considered in the same manner as cash payments when calculating a American Opportunity or the Lifetime Learning Tax Credit or the Higher Education Tuition and Fees Deduction. However, any scholarships, grants, or other non-taxable aid must be deducted from the amount of qualified tuition and related expenses paid. The credit is claimed in the year in which the expenses are paid, not in the year in which the loan is repaid.

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If I pay college tuition and fees with a scholarship, can I claim an education credit on Form 8863 for those payments?

No. You cannot claim a credit for the amount of higher education expenses paid for by tax-free scholarships. For more information, please visit the IRS website.

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My address listed on the 1098-T has changed. Will this affect me?

No. The address shown on Form 1098-T is irrelevant for IRS income tax filing purposes. The single most important information on the form is your Social Security Number. Please call (910) 962-4281 if the SSN on your 1098-T is incorrect.

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Where was my 1098-T form mailed? How do I get a reprint of my 1098-T form?

  • The address where your 1098-T was mailed can be viewed on SeaNet. Click on "Student Services & Financial Aid"
  • Click on "Student Records"
  • Click on Tax Notification
  • Enter in the tax year

If you did not receive a 1098-T due to a change of address please check if it was returned to the Student Accounts Office located in the Warwick Center or call 910-962-4281. Please be advised that UNCW will not mail any duplicates. Note: The 1098-T is not submitted with your tax return so printing your 1098-T information from SeaNet will suffice.

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How can I get an itemized listing of my financial activity that is on my 1098-T form?

A breakdown of your 1098-T amounts are on SeaNet.

  • The address where your 1098-T was mailed can be viewed on SeaNet. Click on "Student Services & Financial Aid"
  • Click on "Student Records"
  • Click on Tax Notification
  • Enter in the tax year

What does the 1098-T mean to me if I am an international student?

UNCW is not required to file Form 1098-T with the IRS for international students who are not US residents for tax purposes (nonresident aliens). This is because nonresident alien students who file a tax return on Form 1040NR or Form 1040NR-EZ are not eligible to claim education tax benefits. However, UNCW is required to file Form 1098-T with the IRS for international students who are permanent residents (“green card” holders) or resident aliens for tax purposes based on the substantial presence test. UNCW does not have all of the information that is needed to determine if an international student is a resident for tax purposes.  Thus, 1098-T Forms are issued to all students, including international students who may or may not be eligible for an education tax benefit.

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What if I still have questions?

If you have additional questions/concerns you can reach us

  • by E-mail: studentaccounts@uncw.edu
  • by Phone: (910) 962-4281

Note: Please be advised that UNCW is prohibited from providing legal, tax, or accounting advice to students and we are not responsible for any use you make of this information.

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