1098-T (Taxpayer Relief Act)
UAlbany's EIN for your 1098-T is 16-1514621.
*If you log in to epay.albany.edu as an authorized user, you will not see a 1098-T. Your student needs to log in to his/her account to access their 1098-T.*
1098-T forms for 2014 will be mailed by January, 31, 2015.
Mailed forms are sent to the permanent student address listed in MyUAlbany.
PDF Instructions on How to Access Your 1098-T in ECSI
A copy of your 1098-T information is also available on epay.albany.edu.
PDF Instructions on How to Access Your 1098-T in epay.albany.edu
Q: Why are the amounts in Boxes 2 and 5 different than what I expected?
A: Please review the following guidelines for information on what are eligible tuition and fee charges and what is reported in each box: 1098-T (TRA97) Guidelines.
Q: Why does the University issue 1098-T forms?
A: Federal regulations require educational institutions, such as University at Albany, to provide information about qualified tuition and related expenses (reported on Form 1098-T, Tuition Statement) to the Internal Revenue Service (“IRS”) and to you. The information about qualified tuition and related expenses helps to determine whether you qualify for any available tax credit to reduce your federal income tax liability.
Q: Why does the University require me to supply my Individual Taxpayer Identification Number (ITIN) or Social Security Number (SSN)?
A: Federal regulations requires that the University request and retain your ITIN or SSN so it may be reported on the Form 1098-T.
If the University at Albany records are missing your SSN or ITIN you will be requested and expected to provide it. As required by the IRS's Internal Revenue Code, section 6109, you are required to give your correct SSN or ITIN to UAlbany so we may issue you a valid 1098T. If you fail to do so, the IRS may impose a penalty of $50 unless your failure is due to reasonable cause and not willful neglect.
To update or add an Individual Taxpayer Identification Number (ITIN) or a Social Security Number (SSN), visit the "Finances Tab" on MyUAlbany, and selecting the link for "SSN/ITIN Add/Update HERE". You will be prompted to sign in again with your NetID and Password to access the SSN update form. The deadline to complete this form is November 15.
Please be advised: If you have not provided the University with your social security number, then we create a 1098T with an artificial number and a $50 penalty may be imposed. The current 1098T form can still be used, however if you update your SSN or ITIN, subsequent forms will be issued with your updated information.
Some tax benefits are available to families and students who are paying the costs of higher education. Qualified students may take advantage of educational tax benefits.
Information on tax benefits, Educational Tax Incentives and your eligibility may be obtained either from the Department of Taxation-Internal Revenue Service at 1(800) 829-1040 or from a tax advisor. The IRS also provides Publication 970 as a guide to tax benefits. To view this publication and other information, please visit their website.
You may also search their site for the "Tax Benefits for Education: Information Center," where you will find information on the American Opportunity Credit, Hope Credit and Lifetime Learning Credit.
Information is also available at the New York State Higher Education Services Corporation (HESC) website regarding tax credits and deductions. Please visit their website and search for “Tax Credits/Deductions.”
The University and its employees cannot provide tax information, assistance, or advice.