IRS Educational Tax Credits and Deductions

IRS tax benefits may be available for higher education expenses.

Note: The student's Taxpayer Identification Number (TIN) is required in order for The University of Texas at Austin to properly report educational expenses on the Internal Revenue Service (IRS) Form 1098-T. The TIN may be updated in the secure Tax ID System. The TIN may also be updated by downloading and completing the IRS form W-9S and returning it to Student Accounts Receivable by fax, mail, or in person.

The IRS Form 1098-T is issued to students with qualified tuition and fee expenses paid in the previous calendar year. It is available to view and print by January 31 of each year.

The Student Loan Deduction is available for taxpayers who have taken loans to pay qualified higher education expenses and paid interest on those loans during the calendar tax year. The deduction may be taken only for interest paid during the first five (5) years in which loan repayments are required. The IRS Form 1098-E is provided for taxpayers who paid more than $600 in interest during the calendar tax year, and is mailed to the borrower's current billing address during the last week in January. If the form does not reach you by Feb. 14, please call 512-475-7779 for assistance.


The University cannot provide assistance regarding your eligibility or the calculation of the credit. The following websites have additional information that may be useful.

IRS Publication 970 - Tax Benefits for Higher Education
IRS Form 8863 to claim education tax credits
IRS form 8917 to claim education tax deductions
IRS Tax Information for Students
IRS Reminder for Parents and Students

Tax Credit Frequently Asked Questions (askUS keyword 1098T)