1098-T forms report qualifying charges made during 2016, not payments you made to UVA. Qualifying charges include tuition, mandatory (comprehensive) fees, and off-grounds fees. Housing and dining charges or tuition for non-credit classes are not qualifying charges. For 2016, 1098-T forms will reflect charges for the Fall 2016 term (billed in July 2016) and the Spring 2016 term (billed in December 2016).
As in all matters related to the tax implications of education expenses, Student Financial Services staff will be unable to advise parents and students. We strongly encourage you to speak with a qualified tax advisor. Please refer to official IRS policies for information about 1098-t forms, education credits and other tax benefits for education. In all cases, when claiming a tax credit or deduction, the taxpayer's financial records serve as the official supporting documentation for calculating the amount being claimed.
The IRS provides a tool that may help you to determine if you are eligible for one or more available tax deductions/credits. We hope this may prove useful to you as you prepare your income tax return.
There are several reasons a student would not receive a 1098-T form. If you fit one of the conditions below, please do not contact Student Financial Services requesting a 1098-t form, as we cannot produce one for you. Please consult your tax advisor for advice on how to account for education-related expenses for 2016.
Reasons you may not receive a 1098-T form:
If you graduated in May 2016 (your last charges were billed in December 2015, so you will not have a 1098-T form for 2016)
If scholarships or grants cover all your tuition and fees costs for the year
If academic credit was not obtained in the calendar year for which the 1098-T is generated
If your department paid your charges in full
How to read the information on the 1098-T form:
Box 2 - Amounts billed for qualified tuition and related expenses
Includes all eligible tuition and fee charges posted to the account during the tax year, regardless of the term, that fall within the calendar year 2016.
Box 4 – Adjustments made for a prior year
This box is used when tuition that was already reported in a prior year (for example, 2014) is reduced during the current tax year (2016) for a prior term. The amount in this box is always a reduction from a prior year’s Box 2 amount.
Box 5 – Scholarships or grants
Includes all scholarships disbursed to the account during the tax year (2016), regardless of the term.
Box 6 – Adjustments to scholarship or grants for a prior year.
This box is used when scholarships that were originally disbursed in the prior calendar year are reduced during the current tax year (2016) for a prior term.
Other Records of Payment
Student Financial Services will not produce a record of payments made during 2016. Please refer to QuikPay for this information: the Current Account Activity screen will list your complete history of payments, including any check payments made in person or by mail.
If your tuition and fees were paid through the Virginia Pre-Paid Tuition Plan (VPEP), please contact them directly to obtain a record of payments. They can be reached at 1-888-567-0540. If your payment was made through a pre-paid education program from a state other than Virginia, please contact that program directly.