Student Tax
Student Tax provides 1098-T forms to allow students to take the Education tax credit when filing with the Internal Revenue Service.
2022 1098-T FORM
The 1098-T tax form for 2022 is available electronically on your myUK account under Financials > Account Services from the left-hand menu > 1098-T Form(s).
Should you need assistance viewing your 1098-T, visit myDocs Self-Service Document Portal.
To receive the form by USPS mail, you must have selected "1098-T Opt Out" from the menu on or before December 31, 2022.
-Your Social Security Number (or Taxpayer Information Number – TIN) is required for all students who apply for federal/state student financial aid including KEES Scholarship recipients. Aid cannot be awarded without an accurate SSN.
-Your Social Security Number (or Taxpayer Information Number – TIN) is required for all students who will claim a Federal Education tax credit. Failure to provide an accurate SSN for the purpose of 1098-T form may result in a penalty levied by the IRS.
INSTRUCTIONS FOR STUDENT
You, or the person who can claim you as a dependent, may be able to claim an education credit on Form 1040 or 1040-SR. This statement has been furnished to you by an eligible educational institution in which are enrolled, or by an insurer who makes reimbursement or refunds of qualified tuition and related expensed to you. This statement is required to support any claim for an education credit. Retain this statement for your records. To see if you qualify for a credit, and for help in calculating the amount of your credit, see Pub. 970, Form 8863, and the instructions for Form 1040. Also, for more information, go to https://www.irs.gov/credits-deductions/individuals/qualified-ed-expenses.
Your institution must include its name, address, and information contact telephone number on this statement, it may also include contact information for a service provider. Although the filer or the service provider may be able to answer certain questions about the statement, do not contact the filer or the service provider for explanations of the requirements for (and how to figure) any education credit that you may claim.
Student’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN). However, the issuer has reported your compete TIN to the IRS. Caution: If your TIN is not shown in this box, your school was not able to provide it. Contact your school if you have questions.
Account number. May show an account or other unique number the filer assigned to distinguish your account.
Box 1. Shows the total payments received by an eligible educational institution in 2022 from any source for qualified tuition and related expenses less any reimbursements or refunds made during 2022 that relate to those payments received during 2022.
Box 2. Reserved for future use.
Box 3. Reserved for future use.
Box 4. Shows any adjustment made by an eligible educational institution for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit that you claimed for the prior year (may result in an increase in tax liability for the year of the refund). See “recapture” in the index to Pub. 970 to report a reduction in your education credit or tuition and fees deduction.
Box 5. Shows the total of all scholarships or grants administered and processed by the eligible educational institution. The amount of scholarships or grants for the calendar year (including those not reported by the institution) may reduce the amount of the education credit you claim for the year.
TIP: You may be able to increase the combined value of an education credit and certain educational assistance (including Pell Grants) if the student includes some or all of the educational assistance in income in the year it is received. For details, see Pub. 970.
Box 6. Shows adjustments to scholarship or grants for a prior year. This amount may affect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year. You may have to file an amended income tax return (Form 1040X) for the prior year.
Box 7. Shows whether the amount in box 1 includes amounts for an academic period beginning January-March 2023. See Pub. 970 for how to report these amounts.
Box 8. Shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at the reporting institution.
Box 9. Shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certification, or other recognized graduate-level educational credential.
Box 10. Shows the total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer. The amount of reimbursements or refunds for the calendar year may reduce the amount of any education credit you can claim for the year (may result in an increase in tax liability for the year of the refund).
Future developments. For the latest information about developments related to Form 1098-T and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form1098T.
Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online federal tax preparation, e filing, and direct deposit or payment options.
If you have other questions regarding the 1098-T forms, please contact Student Account Services at taxcredit@lsv.uky.edu.