Tax Credits

1098-T 

As an eligible educational institution, Indiana University is required by the Internal Revenue Service to file an annual Tuition Statement (Form 1098-T) for each student who is a U.S. citizen or permanent resident pursuing a degree, and for whom a reportable transaction is made (i.e. tuition, course-related fees and any scholarships or grants received).This information is provided to assist taxpayers in determining eligibility for claiming Education Tax Credits or Deductions enacted by the Taxpayer Relief Act of 1997.

IRS Form 1098-T is required to be post-marked by January 31st each year. These forms will be either delivered to students through electronic delivery or through traditional mail delivery. Students choosing electronic delivery will receive the form earlier through OneStart and will be notified by email when the form is available to retrieve.

Students who have not consented for electronic delivery will be mailed a paper version of Form 1098-T to the Student Home address listed in university records as of December 31st. A printed duplicate copy request will not be fulfilled until after February 10th. However, students can receive a duplicate copy through OneStart Student Self-Service once the forms are printed.

For additional information regarding Form 1098-T visit Indiana University's Taxpayer website.

Questions regarding the 1098-T can be directed to the IU Tax Department at IU1098T@indiana.edu or 812-855-0375.

Education Tax Credits and Deductions

The Internal Revenue Code provides both tax credits and deductions used to reduce the federal income tax burden for students, or those paying the costs of students' higher education. Credits directly reduce the amount of income tax owed, while deductions reduce the amount of taxable income.

Eligible expenses are tuition and certain related expenses required for enrollment or attendance at IU. Expenses for books, supplies, and equipment needed for a course of study are also eligible for a tax credit or deduction whether or not the materials are purchased from IU. Students must keep the receipts and report these expenses when filing a tax return. Eligible expenses do not include personal expenses (room, board, insurance, medical, travel, etc.)

For additional information regarding Education Tax Credits and Deductions, visit Indiana University's Taxpayer website.

W9-S

All students enrolled in course for college credit should complete form W-9S each calendar year they are enrolled. The form may be completed electronically through OneStart by December 31st of each year. IU will also accept hardcopies of IRS Form W-9S until December 31st of each year. This can be obtained from the IRS website.