Taxes

What information is reported to the Internal Revenue Service (IRS)?

If you are a foreign student and your award is in excess of your tuition and required fees, then Harvard is required to report the amount of the excess and any withholding you were charged to the IRS on Form 1042-S. Harvard must make this report even if you have no withholdings and no tax liability because of a tax treaty.
 

Am I eligible for a 1098-T?

Not all students are eligible to receive a 1098-T. Forms will not be issued under the following circumstances:

  • The amount paid for qualified tuition and related expenses* in the calendar year is less than or equal to the total scholarships disbursed that year.
  • Qualified tuition and related expenses in the calendar year were paid in full by a third-party organization.
  • ...
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What is a 1098-T?

 

The 1098-T is a record of the financial information reported by Harvard to the IRS on a student's behalf. The information on form 1098T can be used to help you determine if you are eligible for education tax credits when filing a U.S. tax return*. The information includes the total amount paid for qualified tuition and related expenses in a calendar year (Box 1) and the total amount of scholarships or grants disbursed in the calendar year (Box 5)....

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