The Internal Revenue Service will implement tax reporting changes this summer that affect how colleges and universities file Form 1098-T education credit information. Deanna Bossano, a 1098-T subject matter expert, will outline these changes and compliance requirements during a 30-minute webinar scheduled for July 16, 2026, at 2 p.m. ET.
The 1098-T form reports qualified education expenses that students and families use to claim education tax credits on federal returns, including the American Opportunity Tax Credit and Lifetime Learning Credit. Changes to how institutions file this form could alter reporting deadlines, data requirements, or submission procedures that colleges currently follow.
Universities and their financial aid offices must understand these IRS modifications to avoid penalties and ensure students receive accurate tax documents. The timing matters. Institutions typically issue 1098-T forms by January 31 each year, but summer guidance allows time for staff training before the fall filing season begins.
Education tax credits represent real money for families. The American Opportunity Credit provides up to $2,500 per student annually, while the Lifetime Learning Credit offers up to $2,000. Errors in Form 1098-T reporting can delay refunds or trigger IRS audits for students and families claiming these credits.
Bossano's webinar targets compliance officers, financial aid administrators, and business office staff responsible for tax form preparation at colleges and universities. Understanding the specific changes and how to implement them prevents costly mistakes during peak filing periods.
The webinar appears designed for higher education professionals who need authoritative guidance on new IRS requirements. Attending sessions like this one allows institutions to brief staff and adjust their 1098-T processes before tax season pressures peak. Colleges that proactively address these changes protect students' tax interests and reduce administrative burden on their own offices.