Educational Tax Credits / 1098-T Information

Taxpayer Relief Act of 1997 Information

The following information is intended to inform students about the benefits and requirements contained in the Tax Relief Act (TRA) of 1997.  It is based upon our understanding of the provisions contained in the law and should not be considered an official document.  Students and/or parents should seek the advice of a tax consultant for specific questions concerning their eligibility.  As an institution, we cannot provide you with tax advice.

Tax incentives are available for students and their parents.  To find out more about the American Opportunity Credit and Lifetime Learning Credit visit the IRS web site Publication 970PDF IconExternal Icon, Tax Benefits for Education.

IRS Form 1098T Tuition Statement

A 1098T Form is mailed to all students with a valid Social Security Number on file.  The form is mailed to the student's permanent address by January 31st.

You may view and print a copy of the 1098T form by logging onto MyUpstate account. You may also, review the detail of all your semester charges and payments at the same time. From the Main Menu, choose Student Accounts and then Student Records to see the Tax Notification option.

  • Box 2 - This box represents the amount billed by the University during the calendar year. For most students, this will include the Summer, Fall and Spring semesters. (The Spring semester is usually billed during the previous calendar year.)  Since the IRS considers the entire system of SUNY schools a single entity, all SUNY colleges and Universities must report the financial information for tax credits in the same manner.  It was determined by the SUNY System Administration that ALL SUNY schools would be required to report "amounts billed", which appears in Box 2 of the student's 1098-T form.
  • Box 4 - This box shows any adjustments made to amount billed for a prior year.
  • Box 5 - Total amount of Scholarships or Grants that were processed during the calendar year for payments to the student's cost of attendance.

Federal School Code: 002840

The tax information about enrollment is being reported to the Internal Revenue Service. Please be aware that the University is not responsible to determine if you qualify for one of the tax credits or to calculate any education credit that may be claimed.