The 1098-T form is a statement of qualified tuition and fees charges by the University of Maine System that we provide to students and to the IRS. Institutions are required to report either the payments made or the charges incurred during a tax year but cannot report both. The University of Maine System chooses to report charges incurred since payments made are not directly allocated to specific charges. Therefore, it would be impossible to verify if a certain payment was designated for a certain charge.
Qualified tuition and fees include tuition charges as well as mandatory course fees such as lab fees, technology fees, and general fees. Room, board, and health insurance fees are not included in qualified tuition and fees as determined by IRS regulations.
IRS regulations also require that all institutions assessing qualified charges mail a 1098-T form to each student enrolled in a particular tax year. The University of Maine System must also file an information return with the IRS for each of these students.
A 1098-T is not generated in the following situations:
- Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants;
- Non-resident alien students;
- Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program.
On the 1098-T form, we report the name, social security number and address of the student, and indicate the student classification (graduate or undergraduate) and status (at least half-time or not). We report the total amount of qualified tuition and fees in a given tax year. For example, if the tuition and fees for the spring of 2017 are posted on accounts in December of 2016, the amounts will be reflected on the 2016 1098-T form. We also report the amount of scholarships, grants or waivers applied to a student’s account during that tax year.
The University of Maine System may not give tax advice. If you are unsure about your eligibility or have any questions, you should consult with a qualified tax preparer or advisor. You may also consult IRS Publication 970 (http://www.irs.gov/publications/p970/index.html).
To view student account information, login to MaineStreet (https://mainestreet.maine.edu), select Student Self-Service > Student Center > scroll down to the Finances section of the Student Center > select the Details/Bill/Pay link > select the Item Summary tab. On the Item Summary page, you can view charges, payments and refunds for a specific campus, date range and term.