1098-T Tax Reporting Information for Duke University Students
Forms 1098-T are distributed by January 31 to students who meet the IRS’ reporting requirements. Forms are mailed to the student’s permanent address of record unless electronic delivery has been authorized. Currently enrolled students can access 1098-T information and transaction details on DukeHub. The form 1098-T does not include information on payments made; please consult banking records, student bills or student account history on DukeHub for payment information.
What is Form 1098-T?
The IRS requires Duke to report, both to the student and the IRS, certain summary financial information for students who meet IRS reporting criteria. This information is provided to assist students in determining their eligibility for certain educational tax credits.
This includes the following for transactions posted to student accounts in 2016:
- Tuition & qualified fees
- Information on non-student/family payments and loans, including:
- Duke administered grants & scholarships
- external/private scholarships
- third party payments made by sponsors billed by the University on behalf of the student
The IRS requires Duke to report either:
- Payments received for qualified tuition and fees reported in Box 1, OR
- Transactions billed for qualified tuition and fees reported in Box 2
- Both reporting methods are required to include amounts for grants, scholarships and third party payments
As Duke reports transactions billed for qualified tuition and fees, no information regarding payments made is included on the 1098-T in Box 1 or reported to the IRS. Students should consult banking records, student bills or their student account history on DukeHub for payment information.
Receipt of a Form 1098-T does not establish eligibility for certain educational tax credits. Similarly, students who do not receive a 1098-T because they do not meet the IRS’ reporting criteria should not automatically assume they are ineligible for these tax credits. Students should consult a tax advisor to determine eligibility.
What are the IRS’ reporting criteria?
The IRS requires Duke to provide 1098-T data for any student billed for qualified tuition and fees, or awarded grants & scholarships during 2016. The following exceptions apply:
- Students who are not U.S. citizens or who do not have permanent resident alien status
- Students who receive grants, scholarships and third party payments in excess of qualified tuition and fees billed during 2016
Why is Box 1 left blank?
As Duke reports amounts billed for qualified tuition and fees, no information regarding payments made is included on the 1098-T or reported to the IRS. Students should consult banking records, student bills or their student account history on DukeHub for payment information.
I graduated in spring 2016 but did not receive a Form 1098-T. Why?
Duke reports transactions billed during 2016 for qualified tuition and fees. For most students, spring 2016 qualified tuition and fees were posted in November 2015 and included on the Form 1098-T for year 2015.
What resources are available to me to determine my eligibility for certain tax credits?
There are many details surrounding benefits of The Taxpayer Relief Act (TRA97) of 1997. Please contact a tax professional to determine if you qualify for these benefits. Duke University cannot provide tax advice.
Contact the IRS' office of Public Liaison at 1-800-829-1040 or visit one of the following websites to learn more about these tax benefits.