1098-T Form
The 1098-T Form (Student Tuition Statement) is an informational document provided by UNC Asheville that show payments as well as scholarships and grants received for qualified tuition and fees charged during the calendar year. The information on the 1098-T form complies with IRS regulations.
What is the 1098-T Form?
It is an information tax document to aid taxpayers in determining whether they are eligible to claim a tax deduction or one of the education tax credits on their federal income tax return. The IRS requires schools to report payments received for qualified tuition and fees during the calendar year in Box 1 on Form 1098-T, as well as scholarships and grants received on behalf of the student in Box 5.
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863, the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
Note: The reporting of scholarships and grants on Form 1098-T does not determine the taxability of those payments. Its purpose is not to report scholarship income to the IRS. UNC Asheville cannot provide tax advice. If you have questions, we recommend that you refer to the IRS webpage (Education Credits or Instructions for Forms 1098-T) or seek the counsel of a tax professional.
Click here for more detailed information on the information provided on the 1098-T form.
Important Information
Please be aware that the date that transactions are posted to your student account determines the year that they will show on a 1098-T. For example, if you paid for the Spring 2022 term in December of 2021, those payments were included on the 1098-T form for 2021 instead of the 2022 even though the tuition is for the Spring 2022 term. The same is true for scholarships and grants. Scholarships and grants will be considered for 1098-T reporting based on the date they are posted to the student’s account. This may mean that tuition and fees will be reported in one year and scholarships and grants for the same semester will be reported in the following year because of the date these posted to the student’s account.
The University is not required to provide a 1098-T for students whose qualified tuition and related expenses are waived or paid entirely with scholarships or grants.
Requesting 1098-T Form – 2023
1098-T forms will be mailed by January 31, 2024 and are available in OnePort.
Students not eligible for a 1098-T form because their scholarships/grants are more than charges billed, will need to review their student account activity, view the unofficial 1098-T in OnePort, or request a student account summary by completing this request form.
Requesting Prior Year 1098-T Form
The process to access the electronic 1098-T version is simple. Just follow these steps:
- Go to oneport.unca.edu
- Enter your User Name and Password
- Click on “Banner Self Service”
- Click on “Student”
- Scroll Down and click on “Tax Notification”
- Enter the Tax Year you want, and click on “Submit”
If you no longer have access to OnePort, you should complete this request form to request a current or prior year 1098-T form. These request will be reviewed and processed weekly.
Why was I excluded from receiving the 1098-T form?
UNC Asheville is not required to issue a 1098-T to students whose qualified tuition and related expenses are entirely waived or paid with scholarships or grants (when Box 5 is equal to or greater than Box 2). Students also must have their Social Security number on file with UNC Asheville in order to receive a 1098-T.
Please remember that the 1098-T form is an informational document only and UNC Asheville cannot provide tax advice. If you have questions regarding your 1098-T, we encourage you to consult with your tax adviser before choosing a course of action. For additional information about education tax credits, see the IRS website: Education Credits or Instructions for Forms 1098-T, the current versions of IRS Publication 970, Tax Benefits for Education, or Form 8863.
Specific questions regarding your 1098-T information should be addressed to 828.251.6664 or studentaccounts@unca.edu.
Foreign Withholding Tax
Withholding is the amount of tax that UNC Asheville deducts from a foreign national payment and submits directly to the IRS. The amount of withholding is 14% on the amount of scholarships that exceed eligible charges.
Pursuant to United States tax code rules we complete a review of student accounts for the tax each semester. We calculate tax applicable to the amount of scholarships exceed eligible charges (tuition and fees – not including housing, meal plan, or fines).
Eligible students will receive a 1042-S for tax purposes in March reflecting the tax withheld.
W-9S Form
In order to comply with the Taxpayer Relief Act of 1997, UNC Asheville must submit information to the Internal Revenue Service each year for every student who attends the University and has earned academic credit. The information that is submitted to the IRS includes the tuition and qualified expenses billed to the student’s account and any grants or scholarships credited to the student’s account. The Internal Revenue Service works only with social security numbers, therefore, we send a request for this information via a W-9S form to all students whose social security number is not already on file with the University.