A variety of tax incentives exist for families who are saving for, or are already paying for college, or who are repaying student loans. Visit the IRS Tax Benefits for Education Information Center for more information.
New! What We Report on the 1098-T Has Changed
Due to a change in federal regulations, we will now report amounts paid (box No. 1) instead of amounts billed (box No. 2) beginning with the 2018 tax year. Visit the National Association of College and University Business Officers (NACUBO) website and/or consult a tax advisor for more information about this change and how it may affect you. It is the taxpayer’s responsibility to determine the amount of qualified tuition and fees paid and to determine whether they are eligible for any tax credits.
To help the student and the IRS determine if the student qualifies for these tax credits, we are required to indicate whether the student was enrolled at least half time for one semester during the calendar year. The IRS also requires the university to indicate if the student was enrolled exclusively in graduate level courses. If this indicator is marked, it could mean the student is not eligible for the American Opportunity Credit. For more information, see Tax Breaks for Higher Education.
New! Parents/Others: How Students Give You Access to the 1098-T Form
Students can now give parents or others who may be eligible to claim the student as a dependent access to download the 1098-T form when it is available online.
Parents and family who do not have CU Guest Access: For instructions on how students give parents or others CU Guest Access, visit How to Activate CU Guest Access.
Parents and family who have CU Guest Access: Have your student log in to MyCUInfo, go to Profiles & Settings > Manage Profile and Privacy. Then click CU Guest Access, click Edit and check the box next to View 1098-T. Then click Resend Email Notification and Save.