In accordance with IRS federal tax regulations, Yale University provides students with certain tax documents to support the tax filing process.
The 1098-T form is provided to help students and parents determine eligibility for an American Opportunity Tax Credit or a Lifetime Learning Credit. Forms are issued to all students who were enrolled for one of the 3 terms in the applicable calendar year.
1098-T forms are mailed each year by January 31st to the student’s billing address on file in SIS. (If there is no billing address on file, the form is mailed to the student’s permanent address; if no permanent address is on file, the form is mailed to the student’s mailing address in SIS.) The 1098-T forms are also available to students online through YalePay under Quick Links.
Prior to tax year 2018, Yale University 1098-Ts included a figure in Box 2 that represented the amounts billed during the calendar year for qualified tuition and related expenses (QTRE). Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, educational institutions are required to report in Box 1 the amount of payments received for QTRE from all sources (including scholarships, loans and other third-party payments) during the calendar year rather than amounts billed. Box 2 reporting of amounts billed is no longer applicable.
IRS Publication 970, Tax Benefits for Education, IRS Form 8863, Education Credits and the Federal 1040 instruction booklet all provide details on claiming these tax credits. If you have further questions regarding the education tax credits, please consult a professional tax advisor to determine if you are eligible for any education-related tax incentives. The University cannot offer individual tax advice.
Form 1042-S is issued to certain non–U.S. citizen students who have received scholarships in excess of their tuition and required fees or if they have received other reportable payments from the University. Form 1042-S reports the required 14% tax withheld on such excess scholarships or payments. The form is mailed in mid-March to the student’s billing address on file in the Student Information System. (If there is no billing address on file, the form is mailed to the student’s permanent address; if no permanent address is on file, the form is mailed to the student’s mailing address in SIS.) The 1042-S forms are also available online through the Foreign National Information System (FNIS) website to students who have a FNIS account. Students can also request a copy of Form 1042-S by contacting Yale Shared Services (YSS) at (203) 432-5394 or by emailing firstname.lastname@example.org.
Questions regarding the 1042-S or tax withholdings should be directed to Daysi Cardona, International Tax Coordinator within the University Tax Department at (203) 432-5597.
Students who have paid interest on a student loan during the applicable calendar year will receive a 1098-E directly from their loan servicer. The 1098-E will be made available by January 31st. If you have questions regarding your 1098-E, please contact your loan servicer.
Students who have received Yale wages during the applicable calendar year will be issued a W-2 by the Payroll Department. W-2 forms will be made available by January 31st. For questions regarding your W-2, please contact Employee Services.