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Tax Information

Tax Information

There are a number of tax benefits and credits offered by the federal government to college students, including the 1098-T.

The 1098-T form is a Tuition Payment Statement that includes information that colleges and universities are required to issue for determining a student's eligibility for education tax credits. 

The 1098-T form issued by the University of Massachusetts reports the amount billed to you by the University over the course of the previous calendar year. This form will assist you or whomever may claim you as a dependent when preparing your federal income tax return.


Taxpayer Identification Number
To submit or correct your taxpayer identification number, use the Taxpayer ID Number Form W9S. Print, complete and submit to the Student Financial Services Office.

Canadian Students
Canadian Tax Form – TL11A

Note: Receipt of a 1098-T does not mean you automatically qualify for a tax credit. 

Universities may choose whether to report payments received or amounts billed; they are not required to report both amounts. The University of Massachusetts has chosen to report qualified tuition and related expense amounts billed. 

How to Read the 1098-T

How to read a 1098-T tax form and how we calculate what we report.
Your accountant, tax preparer or the IRS can best advise you how to use this form when preparing your taxes. Universities may choose whether to report payments received or amounts billed; they are not required to report both amounts. The University of Massachusetts has chosen to report qualified tuition and related expense amounts billed. 

For further descriptions of box numbers, watch a brief explanation or see IRS Specific Instructions.

Box 1: Payments received for qualified tuition and related expenses. 
This box will be left blank on all UMass Lowell 1098-T forms.