Under the provisions of the Taxpayer Relief Act of 1997, the University is required to report to students and the Internal Revenue Service certain information concerning student status on a tax form referred to as Form 1098-T Tuition Payments Statement.
The 1098-T Tax Form is available for viewing and download on the web. Students received an email from email@example.com
in January with instructions how to access the 1098-T Form electronically.
For any student who did not view the form electronically, a paper copy of the 1098-T will be mailed to the student's permanent home address on or around January 31, 2013. In addition, the university provided students a 2012 Statement of Account to facilitate the preparation of 2012 federal tax returns. (view sample)
- 1098T Tuition Statement (Rutgers NetID Required)
If a student's qualified tuition and related expenses are paid entirely through scholarship and/or grant aid or waived, the University is not required to file a 1098T form with the IRS. Instead the University produced a Tuition Summary Calendar Year 2012 form (see sample) for students.
The laws and regulations governing tax benefits for education are complex. Accordingly, you may wish to consult with a professional tax advisor in order to determine your eligibility and maximize your tax benefit. You may also refer to the IRS Publication 970, Tax Benefits for Education