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1098-T FAQ's & Resources

Important Change

 Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we are reporting in Box 1 the amount of QTRE you paid during the year.

 

View the 2018 Information Guide here.

 

1098-T FAQ's

What is a 1098-T tax form?

The 1098-T form is used by eligible educational institutions, including Stanford University, to report information about its degree-seeking students to the IRS as required by the Taxpayer Relief Act of 1997.

The form is Stanford’s report to you of the amount of tuition and related expenses that have been paid during the calendar year as well as any scholarships or grants that have been credited to your account during that year.  

Information included:

  • Student name
  • Address
  • Social security number OR tax identification number
  • Enrollment status
  • Academic status
  • Amounts  paid for qualified tuition
  • Scholarship or grant amounts; and
  • (If applicable) Adjustments to prior year’s qualified tuition and/or adjustments to prior year scholarships

 

What are students supposed to do with the form when they receive it?

The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.) The official record of the student account is “View Financial History by Term”, available in Axess under the “Other Financial…” dropdown menu in the Finances section.

 

Who receives a 1098-T form?

Students who are U.S. citizens OR permanent residents and whose enrollment credits are leading to a post-secondary degree will receive a completed 1098-T form from Stanford University.

 

Who does not automatically receive a 1098-T form?

The following students do not receive a 1098-T form:

  • nonresident alien (international student)
  • students enrolled in courses that do not lead to a post-secondary degree at Stanford University (e.g. Continuing Studies students  or non-matriculated Summer Session students)
  • students with a Third Party Contract which pays 100% of tuition

 

When do students receive the 1098-T form?

Student Financial Services sends 1098-T forms out to students by January 31st of each year.

Electronic delivery:

Students who have opted in to electronic receipt of the 1098-T form in Axess (recommended) before December of the previous year will receive an email notifying them when their 1098-T form is ready to view and print in Axess.

Mail delivery:

A paper copy of the 1098-T forms is completed and mailed on or before January 31st for students who did not opt for electronic delivery.  The 1098-T form is mailed to the student at the Permanent Home Address listed on Axess.

 

What do I use if I do not have a 1098-T?

Log into Stanford ePay or your Axess  account and click on “View Financial History by Term” under the “Other Financial…” dropdown in the Finances section as an official record of the account.

 

I no longer have access to Axess. How can I get a copy of my 1098-T?

To obtain a copy of your 1098-T form, contact the Student Services Center.

 

What is the definition of qualified educational expences?

All tuition and related fees, (which may include course fees and lab fees). Document Fee, Student Activities Fees, health insurance, campus health service fee, and necessary books, supplies and equipment. See Qualified Education Expenses.

 

I just became a US resident. How can I get a copy of the 1098-T?

To obtain a copy of your 1098-T form, contact the Student Services Center or submit a Service Now request.

 

Where can I get general 1098-T form information?

Official IRS Guidelines:

irs.gov/publications/p970/index.html

Education Tax Credits (overview information for students):

http://www.irs.gov/uac/Am-I-Eligible-to-Claim-an-Education-Credit

 
 

Who should a student contact with questions about the content of their 1098-T form?

Students can contact the Student Services Center with any questions about the content of the 1098-T or to request a 1098-T be provided.

 

What do the values in Box 6 mean?

Box 6 shows an amount of scholarships or grants reported on a 1098-T in a prior year that were subsequently adjusted or reduced in the current tax year.  In most Stanford cases, Box 6 adjustments are the consequence of departments or the Financial Aid Office changing the source of aid from one internal account to another.  When departments make this change, it creates a deficit from a prior year (Box 6) and this amount is then included in Box 5 along with the current year’s aid.

If you have Box 6 adjustments, please request an itemized breakdown for further assistance and explanation . You may want to speak with a tax consultant to understand how to include box 6 into your calculations.

Resources

For International Graduate Students:

Prior 1098T Statements

 

 

Disclaimer: The items presented here are for general information only and do not constitute tax advice. The University does not endorse nor independently confirm the information presented in any other website referred to in this document. The University encourages users of this page to seek qualified tax counsel when appropriate.