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.
 

What is a Form 1042-S?

Form 1042-S is issued to foreign students who have received scholarships that exceed tuition and mandatory fees. Form 1042-S is a report of tax withheld and is mailed in mid-March.

Graduate students who have questions about the information on this form can contact University Tax Services at (617) 495-8500 (option 5). Undergraduates with questions on the 1042-S can contact Student Accounts.

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When will I get my 1098-T?

Forms are made available at my.Harvard in early January. Students will be notified by email as soon as they are available.

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 billed for qualified tuition and related expenses in the calendar year is less than or equal to the total scholarships disbursed that year.
  • The amount billed for qualified tuition and related expenses in the calendar year is paid in full by a third-party organization.
  • No qualified tuition or related expenses were billed in the calendar year. For example, a student who graduated in May 2017 in most cases...
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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. This information includes the total amount billed for qualified tuition and fees in a calendar year (Box 2) and the total amount of scholarships or grants disbursed in the calendar year (Box 5). Please note that Harvard does not report payment information to the IRS, which means that Box 1 on your form will not be populated.

The 1098-T is intended to help students determine if they qualify for an ...

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