Tax Form 1098-T

Every year, NMSU prepares and sends to applicable students a Tax Form 1098-T Tuition Statement to assist them in determining eligibility for educational tax credits. It is a tax statement that provides a student with the amount of payments made toward Qualified Tuition and Related Expenses (QTRE) on their student account during the tax (calendar) year. The 1098-T form is an informational document and does not need to be attached to your tax return. While a Form 1098-T may be issued, a student’s personal financial records serve as official supporting documentation for a federal tax return. There is no IRS requirement that you claim a tuition and fees deduction or an education credit.

Tax Form 1098-T will be available to students by January 31 st and will provide the following information:

  • A summarization of the total amount of qualified tuition and fees
  • Summarization of the total amount of scholarships and grants received
  • Indication if the student attended at least half-time during the calendar year
  • Indication if the student was a graduate student
  • Indication if some of the qualified tuition, scholarships and grants were adjusted from the previous reporting year

Tax Form 1098-T will not be printed and mailed, or filed for:

  • Students whose entire qualified tuition and related expenses were waived or paid for with a grant or scholarship
  • Students whose entire qualified tuition and related expenses were paid under a “formal billing arrangement” where the institution:
    • bills only an employer or governmental entity, and
    • does not maintain a separate financial account for the student
  • The noncredit courses in which a student is enrolled, even if the student also is enrolled in credit courses
Direct access to annual Tax Form 1098-T notices. Follow these simple instructions to view or print your 1098-T form!

For information and assistance in the calculation of any applicable education tax credit or in the preparation of your income tax return, we recommend you contact a tax preparer, refer to IRS Publication 970 (Tax Benefits for Higher Education) or contact the IRS at (800) 829-1040.