1098-T Tax Form Information
Student Finance will be mailing 1098T forms on January 31st. This information will also be available via the student portal at MyHSC on the same day. Tax information for 1098T’s is limited to students with enrollment activity from January 1, 2020 through December 31, 2020. The 1098T form indicates tuition and fees paid and financial aid disbursements for qualifying charges.
This information will be reported to the IRS and is intended to assist the taxpayer in determining any educational tax credits in preparing federal income tax returns for 2021.
Consult with the Internal Revenue Service or a tax advisor if you need additional guidance on what offsets you need to make to your qualified tuition and fees for the purposes of claiming a tax credit. Forms and information claiming education tax credits can be found on the IRS website at http://www.irs.gov/
If you have any questions concerning information provided on the 1098T please contact the following:
Phone: (817) 735-2597
2020 Tax information update:
Any eligible self-supporting college student who doesn’t need to file a tax return should register using the Non-Filers tool by 3:00 p.m. ET November 21 to receive an Economic Impact Payment before the end of this year.
For more information please visit the IRS website here.
Purpose of 1098-T Tax Form
The 1098-T Tax Form provides information to the student about tuition and fees paid to University of North Texas Health Science Center (HSC) and Financial Aid received by the student. This information can be used by the student to potentially receive a credit on the student’s tax return or, if the student is a dependent, on the parent’s tax return. For more information, please consult IRS Publication 970.
Important Information about the 1098-T
In the past UNTHSC elected to report eligible charges billed in a calendar year on the 1098-T Tax Form. Due to the Internal Revenue Service changing the reporting requirements for schools, colleges and universities; we are changing how we report the 1098-T information. Beginning in tax year 2017, only the qualified tuition and related expenses that are actually paid will be reported in Box 1 of Form 1098-T.
1098-T Tax Forms will be available by January 31st in the calendar year following the year being reported (e.g. 1/31/21 for the 2020 tax year). When you signed your Financial Obligation Agreement, you had the option of receiving your form electronically or by mail. If you chose the electronic method, the form will be available on your MyHSC Student Center. If you chose by mail, then your 1098-T will still be available online and the paper form will be mailed out on January 31st.
All US Citizens will receive a 1098-T Tax Form. Nonresident students must have a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN) in the system in order to receive a tax form. You can verify whether you have submitted an SSN or ITIN by going to your MyHSC Student Center. If you do not have an SSN or ITIN in the system, please submit a Form W-9s to the Student Finance Office, SSC-Room 150. Please do not email it because your private information will not be protected. If you would like to fax it, please fax to 817-735-0677.
Please be aware that HSC cannot discuss your financial information with anyone else unless you give your authorization for us to do so. If you would like your spouse or your parent to discuss the 1098-T information with us, please fill out an Authorization to Release Education Records.
HSC and UNT System employees are not qualified to advise you on tax matters. Please consult IRS Publication 970 or contact your tax adviser with any questions on how you should handle the information you have received.
Frequently Asked Questions
Why did the university change reporting methods from amounts billed to amounts paid?
How will this change affect how I file for my credit?
Will my payments made in a prior year be included in Box 1?
What are qualified tuition and related expenses?
Where can I get a copy of my current and past 1098-T’s?
When can I access my 1098-T form?
What are the requirements for claiming an educational tax credit?
What is form W-9S? Who must complete this form?
Who do I contact if I have questions about the amounts filled in on the 1098-T form?
Phone: (817) 735-2026
Fax : (817) 735-0677
Main email: StudentFin@unthsc.edu
This page was last modified on November 16, 2020