Form 1098-T is used by educational institutions to report payment information to the Internal Revenue Service, as required by the Taxpayer Relief Act of 1997. The City University of New York submits student’s name, address, and taxpayer’s identification number (TIN), enrollment status to the IRS. The student will receive this information via the 1098-T, which can be used to claim eligible education expenses, such as out-of-pocket payments for tuition and fees.
Books, transportation, housing, meal plans and no credit courses are not considered eligible education expenses. Students who do not have any eligible education expenses will not receive a 1098-T form. Without the form, students may file their taxes by simply omitting any educational expenses or credits. Receipts or tuition statements may not be used in tax filings. Erroneously using these documents to claim tuition benefits will cause the filer to be audited. The only approved form for such purposes is the 1098-T.