IRS Form 1098T
2020 1098-T forms are now available online!
New: Consent to receive 1098-T electronically now available on the Student Link.
- Students will be notified by email to their bu.edu account when online viewing of the 2020 1098-T forms is available.
- Boston University has contracted with MAXIMUS Federal, to provide both the electronic and paper 1098-T forms. We encourage students to consent to receive the 1098-T electronically to save paper and mailing costs. When available, forms may be viewed online or printed on demand from the MAXIMUS Federal web site.
- Students who do not consent to electronic delivery will have the paper 1098-T form mailed. Paper 1098-T forms will not be mailed until near January 31 and may not reach you until sometime after that date.
- To retrieve your 1098-T electronically:
- Launch a web browser and go to https://tra.maximus.com (note: Internet Explorer 9 users may need to use “Compatibility View”)
- Students new to the Maximus Federal website:
- Click the “First Time Students” Button
- Enter your full First and Last names and the last 5 digits of your Social Security Number.
- Click Submit.
- If records are present for you, you will be instructed to create an account. Follow the instructions on the website to create a free account and retrieve your 1098-T. If records are not found for you or if you have difficulty creating an account, use the “Help” link in the left menu.
- Students who have already created an account on the Maximus Federal (formerly GDIT) website should login with their User ID and Password. If you have forgotten your User ID or Password please click on the “Forgot your Password” or “Forgot your User ID” link to retrieve or reset the information.
- What is the the 1098-T form?
- Who will receive the IRS Form 1098-T?
- When will IRS Form 1098-T be mailed and what address will it be mailed to?
- Who will mail the IRS Form 1098-T and answer students’ questions?
- Will GDIT answer tax-related questions?
- How can a student get a duplicate 1098-T?
- Who will send the various tax-related forms to Boston University students?
- What if my Taxpayer Identification Number (SSN/ITIN) is not included on my 1098-T form?
***Boston University staff cannot give tax advice or assist you in calculating individual credit amounts. Please consult your tax advisor for assistance. Your personal financial records serve as your official supporting documentation for your federal tax return.***
What is the 1098-T form?
The 1098-T form is used to assist you in determining if you are eligible for an Education Tax Credit. As an educational institution, Boston University is required to report information for eligible students. Beginning with the 2018 calendar year, this includes payments received for qualified tuition and related expenses, scholarships and/or grants. These amounts are reported by calendar year according to the date of the transaction on your student bill. A 1098-T form must be provided to each eligible student, but the form is for informational purposes only and is not filed with your taxes. Receiving the form means you may be eligible for a federal income tax education credit. While it is a good starting point, the 1098-T does not contain all of the information needed to claim a tax credit. It does not mean that you qualify for a tax credit and does not require you to claim a tax credit. Education credits are claimed on Form 8863, Education Credits. For details on these and other education-related tax breaks, see IRS Publication 970.
Who will receive the IRS Form 1098-T?
For tax reporting year 2020, all domestic Boston University students who made payments towards qualified tuition and related expenses will be sent the Form 1098-T, if the qualified tuition and fee charges for the semester were posted to the student’s account during 2019:
- Spring 2020
- Summer 1 2020
- Summer 2 2020
- Fall 2020
- Spring 2021 (Students who registered in calendar year 2020 and made qualified payments in 2020)
In addition, students who had adjustments to prior year tuition and fee charges or scholarship awards during calendar year 2020 will be sent the Form 1098-T even if they were not enrolled for the semesters listed above.
When will IRS Form 1098-T be mailed and what address will it be mailed to?
IRS Form 1098-T will be mailed no later than January 31 following the tax year to be reported, to the student’s home address. The form will be mailed to the student’s local address if Boston University does not have the student’s home address.
Who will mail the IRS Form 1098-T and answer students’ questions?
Boston University has contracted with MAXIMUS Federal to compile and mail the IRS Form 1098-T to our students. However, any questions regarding the form should be directed to Boston University Student Accounting Services.
Will MAXIMUS Federal answer tax-related questions?
Students should refer all tax-related questions to their own tax counsel. Students may get additional information from IRS Publication 970, Tax Benefits for Higher Education, or visit the Internal Revenue Service website.
How can a student get a duplicate 1098-T?
Students can now view their 1098-T and print a copy by visiting the Maximus Federal web site.
Students can call Student Accounting Services at 617-353-2264 to request a duplicate 1098-T.
Who will send the various tax-related forms to Boston University students?
|IRS Form||Who prepares and sends|
|1098-T Tuition Payment Statement||MAXIMUS Federal|
|W2 Wage and Tax Statement||Boston University Payroll Department|
|1042-S Foreign Person’s U.S. Source Income||Boston University Payroll Department|
What if my Taxpayer Identification Number (SSN/ITIN) is not included on my 1098-T Form?
If the 1098-T does not include the student’s social security number (SSN) / individual taxpayer ID number (ITIN), please call Student Accounting Services at 617-353-2264 to provide the number by phone. Our office is open Monday through Friday, 9AM to 5PM. Alternatively, you may download the Request for Student’s Taxpayer Identification Number form and send it via paper mail or fax using the information below. Please DO NOT email the form.
Student Accounting Services
25 Buick Street, Suite 130
Boston, MA 02215
The student’s SSN/ITIN will be updated and a corrected Form 1098-T will be made available on tra.maximus.com and filed with the IRS.