1098-T for tax year 2018

The University (and any eligible education institution) is required to provide a 1098-T form to any student who was enrolled and paid qualified tuition and related expenses during the previous calendar year. We do this for each student we enroll and for whom a reportable transaction is made (read more about 1098-T from the IRS). The data on the 1098-T may be used to report eligible amounts when filing annual income taxes. For tax year 2018, the 1098-T forms produced in January 2019, have been changed to use the Charges Paid reporting method to meet IRS requirements. The University had used the Charges Billed method since 2003. The University is required to send these by January 31.

For more information about the 1098-T, the working group created a 1098-T Quick Guide. You can also find more about education tax credits on the U of M Tax Management website.

Note: Non-Resident Aliens (Alien Temporary in some PeopleSoft fields) and University of Minnesota Talented Youth Mathematics Program (UMTYMP) are excluded.