Financial Changes & Tax Liability

Changes to Financial Situation

Notify the Financial Aid Office directly of changes which may affect the family's ability to provide financial assistance to the student. These changes may include but are not limited to loss of employment or benefits, a significant decrease in income, separation or divorce, death or disability, unusual medical expenses, and child care costs.

Potential Tax Liability

Financial aid grants may be taxable income. Students receiving grants are advised to retain receipts for fee payments, books, supplies, and equipment that are course related. IRS Notice

2009 Federal Income Tax Disaster Relief

The IRS has continued the Education Credits for students attending schools located in certain Midwestern Disaster Areas. UW-Whitewater is located in a named county. The following information is being provided to assist you (or your parents) in preparation of your 2009 federal income tax return. The purpose of the document is not to provide advice, but to provide information (along with your 1098T) that many tax preparers have been requesting. (See IRS Publication 4492-B)

For information about or to receive a duplicate 1098T, contact Student Accounts at sfs@uww.edu.

Dependent Figures

Independent/Graduate Figures