(You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.) 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 QTRE you paid during the year.ĭepending 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. Please read the Instructions for Student on IRS Form 1098-T and visit the Additional Resources area below to help you understand your form.įor prior tax years, any 1098-T you received from UMD included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) that we billed to your student account for the calendar (tax) year. Then come back and click the next link to view the Student Account Inquiry. To view your student account transaction details, log into Student Account Inquiry It is advised to view, download and/or print your transactions before that date.įormer students will have to go to the Applicants & Former Students page to log in.

If we are unable to verify your identification number, you will be notified by us to complete Form W-9S to verify that we are providing the correct information to the IRS.įorm submissions completed after the closure of the university for holiday break each December will not be processed for that years 1098-T tax form completion, and will not take effect until the following tax reportable year. If you notice that your Form 1098-T does not display your correct SSN, ITIN, ATIN, or is blank, please complete Form W-9S and upload it to the document loading page specific to these forms at /upload/W-9S.html However, the complete identification number will be reported to the IRS.

Any available prior year forms will have clickable links at the bottom of that same page.įor your protection, the form will only display the last four digits of your SSN, ITIN, or ATIN (for example: XXX-XX-1234). Note: Upon clicking the above link, the most recent year's form that has been processed for your account displays automatically.

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