At The University of Baltimore, we provide knowledge that works. Get real-world career preparation and the hands-on experience employers demand at a fraction of the cost of other universities. Pick courses that fit your schedule and create an education tailored to your vision and needs. Welcome to UBalt!
Please consult a tax expert for information about how to claim these expenses on your taxes.
In accordance with requirements of the Tax Relief Act of 1997, the 1098-T tax credit form is intended to provide you with information to assist you in determining your eligibility for possible Hope Scholarship or lifetime learning credits. This form will be available before Jan. 31 each year through MyUB. (See "How to Access Your 1098-T " below.)
We recommend you contact a tax adviser when determining your qualified tax credit amount.
Students can obtain more information about student loan interest deductions, lifetime learning credits and Hope Scholarship credits from the IRS. For additional information, reference IRS Publication 970, Tax Benefits for Higher Education and Publication 520, Scholarships and Fellowships, also available by calling 1.800.TAX.FORM.
Please note, that IRS Form 1098-T is for informational purposes only. The data which appears on these forms can be used to claim educational tax credits, but the figures provided neither guarantee nor preclude eligibility for these tax credits. "Qualified tuition" in this context is determined by guidelines issued by the IRS. This may or may not reflect "qualified tuition" as determined by certain educational funding organizations, such as 529 plans. As a result of differing definitions as to what constitutes "qualified tuition". there may be variation among the amounts that are deemed to qualify.
Students eligible to receive a 1098-T are able to access the document through MyUB. Students who grant consent to receive their 1098-T form electronically can access the their forms as soon as they become available as well as retrieve prior year 1098-T forms without delays. If a student fails to grant consent to receive the information electronically, the Office of the Bursar will mail out the 1098-T forms the last business day of January. If you have questions or concerns about this matter, please contact us.
Per IRS §1.6050S–1 "to receive a 1098-T, you must have a Social Security Number (SSN) noted in your student record." You may verify your Social Security number by following the steps outlined here.