Educational Tax Credits

Educational tax credits may be available to Students or their parents/guardians for certain education related costs. Annually, an IRS form 1098-T reporting the amount billed is provided to students by UNCG. Information regarding the 1098-T and related questions are addressed below.

What is a 1098-T?

The 1098-T form is an annual statement that reports the amount that UNCG billed each student during the previous calendar year. The purpose of the form is to assist in determining eligibility for certain education-related tax credits (such as the Lifetime Learning Credit and the American Opportunity Credit) under the Taxpayer Relief Act of 1997 (TRA97).

The IRS requires eligible educational institutions such as UNCG to provide this statement to students and to the IRS.

UNCG reports this information directly to the IRS; therefore, the 1098-T is for information only and does not need to be attached to a tax return.

Since our students have assigned University ID numbers, UNCG may not have the student’s social security number. Please contact the Cashiers and Student Accounts Office (at 1-877-286-8250 or cashier@uncg.edu) to ensure that the social security number information is on file. If it is not yet on file, the student will need to complete a form W-9S and submit it to the Cashiers and Student Accounts Office. This form is also available in the Cashiers and Student Accounts Office. Failure to provide an accurate social security number or taxpayer identification number may result in a penalty from the IRS imposed on each incorrect document.

Who will receive the IRS Form 1098-T?

For tax reporting year 2016, all domestic UNCG students who were officially registered and taking courses for academic credit in at least one of the following semesters will be sent the 1098-T, if the qualified tuition and fee charges for the semester were posted to the student’s account during the calendar year 2016:

  • Spring 2016 (Students who registered in calendar year 2016)
  • Summer 2016
  • Fall 2016
  • Spring 2017 (Students who registered in calendar year 2016. Students who register for Spring 2017 in calendar year 2016 will have the qualified tuition and fees for the semester included on their 1098-T for 2016.)

In addition, students who had adjustments to prior year tuition and fee charges or scholarship awards during calendar year 2016 will be sent the 1098-T even if they were not enrolled for the semesters listed above.

When will the 1098-T be mailed?

The 1098-T will be mailed no later than January 31st following the tax year to be reported, to the student’s permanent address on file with the University.

The information that will be printed on the 1098-T, as well as additional supplemental information, will be available for students to view online through the UNCGenie system by January 31st following the tax year to be reported. Students may also view 1098-T information that was reported in previous tax years.

Electronic delivery of 1098-T Statements

Beginning with the 2016 1098-T Tuition Statement, on or before January 31 of each year, students will be able to view, print, and download 1098-T tuition statements electronically on the Student Account Center.  In order to receive your 1098-T electronically, you must consent to electronic delivery by December 31.  Please follow the following steps to receive your 1098T form electronically on the Student Account Center:

  • Log into the secure area of UNCGenie with your University ID and PIN
  • Click on the “Student” tab in UNCGenie
  • Click on Student Account Center
  • In the Student Account Center, select “My Account”, select “Agreements”, read the consent form, and click “Accept Consent” to agree to receive your statement through online delivery.

In order to give your Authorized User(s) permission to view your Electronic 1098-T:

  • In the Student Account Center, select “My Account” and “Authorized Users”
  • Click “Edit” for an already established Authorized User (or first add a new Authorized User)
  • Select “Yes” for “Would you like to allow this person to view your 1098-T tax statement?”

On or before January 31, you or your authorized user(s) may log into the Student Account Center to view, print and download your 1098-T statement.

It is important that you make your selection for electronic retrieval by December 31 of each year.  Your 1098-T Tuition Statement will be mailed to your permanent address on or before January 31 if you do not choose the online option.

To view, print, and download your 1098-T Tuition Statement in PDF format online:

If you have granted your Authorized Users access to view your 1098-T tuition statement electronically, Authorized Users can view your 1098T tuition statement by logging into the Student Account Center with their email and password at the following link:  https://touchnet.uncg.edu/C21562_tsa/web/login.jsp

Directions for viewing prior year 1098-T information online via UNCGenie:

Do all students receive a 1098-T?

There are several reasons why a student may not receive a 1098-T:

  • Although the student attended UNCG in 2016, she may have enrolled and been billed in 2015. Therefore, her Spring 2016 charges may have been included on the 2015 1098-T. If box 7 was checked on the 2015 1098-T form, tuition and fees for Spring 2016 is included on the 2015 1098-T form.
  • The student did not have any qualified educational expenses within the tax year; therefore, a 1098-T form was not generated.
  • The 1098-T was mailed to the student’s permanent address that is active on UNCGenie. Check with someone at that address to see if the form was received there.

Why isn’t there an amount in Box 1?

The IRS instructs universities to report either payments received (Box 1) or amounts billed for qualified tuition and related expenses (Box 2) on the 1098-T.

Once a university has selected one of those options, it cannot change reporting methods between calendar years without IRS permission. UNCG reports qualified tuition and related expenses that were billed during the tax year (Box 2) ; therefore, Box 1 – Payments Received for Qualified Tuition and Related Expenses – will be blank.

UNCG reports transactions billed during the tax year for qualified tuition and fees, and grants and scholarships processed by UNCG. No information regarding payments made is included on the 1098-T or reported to the IRS. Students should consult banking records, old bills, or the Student Account Center for payment information.

Additional Resources

If you have questions about how to compute your educational tax credits, you should consult your tax professional or refer to the IRS. UNCG cannot provide tax advice or taxpayer assistance. The following links may be helpful for finding further information on 1098-T forms and tax credits:

It is the taxpayer’s responsibility to determine the amount of qualified tuition and fees paid and to determine whether they are eligible for any tax credits.