1098-T Information Tax Year 2018 or later

UCCS SFS - Resources - 1098-T Information Tax Year 2018 or later

Disclaimer

The University of Colorado Colorado Springs is not qualified to provide legal and/or tax advice. The information provided may or may not reflect recent revisions in IRS regulations. For tax advice on your specific situation, contact a tax professional. For additional information regarding the education tax credits, please refer to the Other Resources section below.

Available in the Student Portal

1098-T forms for the previous calendar year will be available in the myUCCS student portal no-later-than January 31.  Students can print the form and provide it to parents or others who may be eligible to claim them as a dependent, if applicable. We cannot provide 1098T information directly to anyone other than the student (see FERPA).  Forms will not be mailed.

myUCCS Portal

Snapshot of a 1098-T

The forms will be available only if you meet ALL of the following criteria:

  • You have a valid, active home or mailing address on file at UCCS.
  • You have paid tax-reportable tuition, fees, or financial aid transactions on your account for that calendar year, including prior-year adjustments.
New Reporting Method for Tax Year 2018

Starting with tax year 2018, UCCS will change how tuition and fees are reported on the 1098-T Tuition Statement. Information on this page pertains to the new reporting method for 2018 tax year and beyond. Click here for information pertaining to the former reporting method. 

Items Reported on the 1098-T

The items below are generally reported on the 1098-T.  See the next section for exceptions.

  • Paid Tuition
  • Paid Mandatory Student Fees
  • Paid Course/lab Fees
  • Waivers
  • Scholarships
  • Grants
Items NOT Reported on the 1098-T

Payments to the items below are NOT reported on the 1098-T.  Unless noted otherwise, the IRS does not generally allow you to claim these items when calculating your allowable educational expenses and payments.

  • College Opportunity Fund (COF) - The COF credit is not reported as a payment towards your tuition in Box 1, nor is it reported as a Grant or Scholarship in Box 5.
  • Student Loans - If applicable, your loan provider will issue tax statements for deductible loan interest.
  • Room and Board Expenses
  • Fines (ie., parking, library, late fees)
  • Tuition and Fees for Non-Credit Courses
  • Books - Although book charges and payments are usually tax deductible, at this time, UCCS does not post those items on student accounts.  Keep invoices and receipts of those transactions in your own tax records.
Items Reported as Prior Year Adjustments

Whenever items are adjusted or revised that were reported on 1098-T forms from prior years, those items will be reported differently on the 1098-T.  Because UCCS changed our 1098-T reporting method from billed items (Box 2) to paid items (Box 1), the 2018 1098-T tax forms will not contain amounts in the prior-year adjustment boxes, except for very rare situations.

  • Items that are reversed will appear in the applicable prior-year boxes on the 1098-T (boxes 4 or 6).
  • Items that are re-assessed will appear in the applicable reporting-year boxes on the 1098-T (boxes 1 or 5).
  • Items that are revised (reversed and re-assessed) will appear in the applicable prior-year AND reporting-year boxes respectively on the 1098-T.  For tuition and fees, that's boxes 1 and 4, and for scholarships and grants, that's boxes 5 and 6.
Other Resources

UCCS does not provide tax advice for those using the 1098-T to do their taxes.  Please consult a tax expert for such advice.  Listed below are some resources that may help you.