Tax Credits and Related Issues

You might qualify for certain tax benefits related to paying educational expenses. For information about college-related tax credits, deductions, exclusions, and savings plans, visit the IRS Tax Benefits for Education Information Center or consult your tax advisor.

IRS Publication 970 explains federal tax regulations regarding the taxability of various types of financial aid, including scholarships and grants.

Boston University will report the qualified educational expenses (tuition and fees) charged to you annually via IRS Form 1098T. For more information about IRS Form 1098T, visit BU Student Accounting Services.