RIT provides students and parents with several documents to support the tax filing process, including the 1098-T, 1098-E and 1042-S.
More information on each of these documents can be found below.
The 1098-T Form 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. You also have access to your RIT student account through eServices to obtain detailed account transactions for the calendar year.
RIT is unable to provide you with individual tax advice, but should you have questions, we recommend that you seek the counsel of an informed tax preparer or adviser. For more information about Federal Form 1098-T, see IRS Publication 970.
Box 1: The total payments received for qualified tuition and related expenses, less any related reimbursement or refunds.
Box 2: No Longer Used
Box 3: No Longer Used
Box 4: Reimbursements or refunds of qualified tuition and related expenses reported on a prior year Form 1098-T.
Box 5: The total of all scholarships or grants administered and processed by RIT. The amount of scholarships or grants for the calendar year (including those not reported by RIT) may reduce the amount of any allowable tuition and fees deduction or the education credit you may claim for the year.
Box 6: Reduction to the amount of scholarships or grants reported on a prior year Form 1098-T.
Box 7: If this box is checked, the amount in Box 1 included amounts for an academic period beginning in the next calendar year. See IRS Publication 970 for how to report these amounts.
Box 8: Indicates whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at RIT.
Box 9: Indicates whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential.
Box 10: The total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer. The amount of reimbursements or refunds for the calendar year may reduce the amount of any allowable tuition and fees deduction or education credit you may claim for the year.
Reporting to the IRS depends primarily on your SSN or ITIN. It is very important for you to have the correct information on file with RIT. If RIT does not have an SSN on file, or if your SSN is incorrect, complete and return, in-person, an IRS W-9 form to the RIT Registrar’s Office.
Section 65050S of the Internal Revenue Code, as enacted by the Taxpayer Relief Act of 1997, requires institutions to file information returns to assist taxpayers and the IRS in determining the amount of qualified tuition and related expenses (qualified expenses) for which an education tax credit is allowable under section 25A (American Opportunity and Lifetime Learning Education tax credits), as well as other tax benefits for higher education expenses.
No; this information will be provided by your loan servicer(s) on Form 1098-E.
Form 1098-E reports interest paid on Federal Perkins Loan provides detailed information.
Important: Information regarding immigration, employment, and tax substantial authority are the responsibility of each individual. Please keep in mind that no one from RIT, while in their official role at the university, can act as a tax consultant, give personal, legal, or tax advice, or represent an individual dealing with the Internal Revenue Service. Thus, any assistance the above information may provide is given as a courtesy to you, and as such, should not be construed in any way as the rendering of legal or tax advice.
Form 1042-S is a report of tax withheld and is issued to international students that have received scholarships that exceed their tuition and required fees. The form is issued by mid-March.
Students that are U.S. Citizens or permanent residents will not receive a 1042-S.
A 1042-S is a year-end federal tax document given to a non-resident alien who received a non-qualified taxable scholarship.
RIT is required to report the amount of scholarships received above the cost of tuition and required fees, including Student Activities Fee, Health Services Fee, Orientation Fee and International Insurance. Any scholarships received for room, board, travel, child care etc., need to be reported. You can view your tuition, fees, and scholarships online through the Semester Summary section of eServices.
If you are in the US as an international student who is receiving a scholarship, it’s important to be aware that your scholarship may be taxable.
Scholarships which are received exclusively for tuition and mandatory fees are considered tax free.
When scholarship also covers room, board, and/or non-mandatory fees, these amounts are considered non-qualified scholarship. The Internal Revenue Service (IRS) considers non-qualified scholarships to be income. Therefore, a 14% withholding tax will be applied to the non-qualified portion of the scholarship.
All international students, scholars, and their dependents present in the US at any time during the year are responsible for filing annual tax forms. This is a requirement for all F and J visa holders, even if you did not earn any income in the US.
If you earned income, you must file a federal tax return. You may also be required to file a state tax return, depending on where you lived and earned the income.
Even if you did not earn an income or received a taxable scholarship, you are still required to file a form 8843.
We are not tax experts. The information we provide is not a substitute for advice from the Internal Revenue Service (IRS) or a qualified tax professional. We cannot address any personal tax questions or file your taxes for you. However, RIT has purchased Sprintax, a tax preparation system to make your tax filing easy. Additional information regarding Sprintax can be found on the International Student Services website.