What is a 1098-T Form?
In previous years, your Form 1098-T included an amount in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
Depending on your income (or your family’s income, if you are a dependent), whether you were considered full- or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863, the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
For 2018 tax returns, the amount listed in Box 1 would include any payments made towards QTRE between Jan. 1, 2018, and Dec. 31, 2018. Please note that the payment amount listed in Box 1 includes payments from ALL sources, including grants, scholarships, student loans, and payments received from parents, grandparents and anyone else. Each taxpayer will need to be able to document the payments he or she made on the account. Therefore, you cannot simply claim the amount listed in Box 1.
Ohio Northern University is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or advisor.
MAY 2018 GRADUATES:
If you graduated in May 2018, you likely will not receive a 1098-T tax form for the 2018 tax year. This is because Box 1 of the 1098-T tax form is capped by tuition and related expenses charged between Jan. 1 and Dec. 31, 2018. If you registered for your spring 2018 classes in fall 2017, those charges would have been part of your 2017 1098-T tax form. This is the case for most spring 2018 graduates. This does not mean that you cannot claim a credit on your taxes. However, you will not receive a 1098-T tax form for the 2018 tax year if you did not have any charges added to your account in calendar year 2018. Please contact your tax preparer if you have additional questions about your eligibility to claim educational tax credits for 2018.
How can I print my 1098-T Form?
The 1098-T Form for tax year 2018 will be made available by Jan. 31, 2019. Form 1098-T is available for download by either Students or Authorized Users. Specific instructions for Students and Authorized Users are listed below.
If you are a STUDENT, go to my.onu.edu and click on the following: Current Students, Self-Service Banner, Student Services, Student Account, Tax Notification, Enter Tax Year = 2018.
If you are an AUTHORIZED USER, your student must first grant you access to his or her 1098-T Form through the eBill site. This is separate from setting you up as an authorized user. Students can grant you access through their eBill site by clicking Authorized Users, the Action button next to the authorized user they would like to edit, Edit, and then selecting Yes when asked, "Would you like to allow this person to view your 1098-T tax statement?"
Once your student has granted you access, log in to your student’s eBill as an authorized user. It is recommended that you use Adobe Acrobat Reader 8.x or higher. You can download the latest version at https://get.adobe.com/reader/. Once logged in to the eBill site, scroll down to the Statements section of the page and click View next to “Your latest 1098-T Tax statement”.
If you are NOT a Student or Authorized User, you will not be able to access the 1098-T Form online. Students can set up additional Authorized Users at any time through their ebill accounts by clicking Authorized Users and then Add Authorized User.
What if my 1098-T is blank?
There are two reasons the Form 1098-T may not display at this point:
- Blank Form: Follow the Instructions for a Blank Form 1098-T by clicking Blank Form 1098-T.
- Pop-up is blocked: Click to "Allow Pop-ups" from this site on your browser.
Additional questions can be addressed to firstname.lastname@example.org.