Tax Information and Assistance
By law, the University of Denver is required to furnish form 1098-T each tax year to enrolled students who are US citizens or permanent residents. This form may assist you in determining eligibility for education tax credits or deductions.
Form 1098-T is sent each year to any student who had qualified tuition and related expenses charged to their account in the preceding calendar year.
More information regarding tax credits and deductions is available at the IRS website or by calling 1-800-TAX-FORM. IRS Publication 970, Tax Benefits for Education and IRS Form 8863, Education Credits are particularly helpful.
The University of Denver cannot provide tax advice. Please refer to relevant IRS forms and publications or consult a tax advisor, not the University of Denver, for explanations regarding eligibility for and calculations of any allowable tax credits or deductions.
Using Form 1098-T
The information that universities are required to provide on Form 1098-T does not necessarily correspond to the information you may need to calculate any education tax credits or deductions for which you may be eligible. Universities are required to report payments received for qualified tuition and related expenses in the calendar year (Box 1).
The IRS requires universities to report on a calendar year, rather than academic year. Therefore, the amount reported in Box 1 includes any amounts billed in calendar year 2022 for Winter Quarter 2023 or Spring Semester 2023. The amount reported in Box 5 also includes any scholarships and grants credited in calendar year 2022 for Winter Quarter 2023 or Spring Semester 2023.
The IRS requires universities to reduce the amount of billed charges by any tuition waiver proceeds. If you received any type of tuition waiver during the calendar year, you will see a reduction in the amount of charges reported in Box 1.
You may view an itemized listing of the financial activity found on your 1098-T form through My4D. See instructions below.