1098T Reporting Changes for 2023
In previous years, IRS Form 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) the university billed to the student account for the calendar (tax) year. Due to a change to institutional reporting requirement under federal law, beginning with tax year 2023, the university will report in Box 1 the amount of QTRE paid during the year.
Depending on the student's income (or family income, if the student is a dependent), whether the student is considered full or half-time enrolled, and the amount of qualified educational expenses for the year, the student may be eligible for a federal education tax credit. (Student or their family can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)
University of Texas at El Paso is unable to provide students or their families with individual tax advice, but should you have questions, please seek the counsel of an informed tax preparer or adviser.
Only the information reported within Form 1098-T, Copy B, will be reported to the Internal Revenue Service by the University.
- For a summary of the amounts listed on your 1098-T please visit: my.utep.edu > Goldmine > Tax Information > Enter Tax Year and click on the hyperlink for the amounts on each box
- For general information inquiries, please call (915)747-5116
- For additional 1098-T instructions or a listing of qualified tuition and related expenses please visit www.irs.gov/form1098t