WHAT IS A 1098-T FORM?
Eligible educational institutions file Form 1098-T for each student they enroll and for whom a reportable transaction is made. Insurers file this form for each individual to whom they made reimbursements or refunds of qualified tuition and related expenses.
IRS Instructions for Student
You, or the person who can claim you as a dependent, may be able to claim an education credit on Form 1040. This statement has been furnished to you by an eligible educational institution in which you are enrolled, or by an insurer who makes reimbursements or refunds of qualified tuition and related expenses to you. This statement is required to support any claim for an education credit. Retain this statement for your records. To see if you qualify for a credit, and for help in calculating the amount of your credit, see Pub. 970, Form 8863, and the Form 1040 instructions.
Your institution must include its name, address, and information contact telephone number on this statement. It may also include contact information for a service provider. Although the filer or the service provider may be able to answer certain questions about the statement, do not contact the filer or the service provider for explanations of the requirements for (and how to figure) any education credit that you may claim.
Student's taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN). However, the issuer has reported your complete TIN to the IRS. Caution: If your TIN is not shown in this box, your school was not able to provide it. Contact your school if you have questions.
Account number. May show an account or other unique number the filer assigned to distinguish your account.
Box 1. Shows the total payments received by an eligible educational institution from any source for qualified tuition and related expenses less any reimbursements for the tax year or refunds made during the tax year that relate to those payments received.
Please note that Box 1 is capped by qualified tuition and related expenses billed. The IRS included tuition, fees, and course materials required for a student’s enrollment to be included in the qualified tuition and related expenses calculation. However, the IRS also states that charges for room, board, insurance, medical expense, transportation, and similar personal, living, or family expenses are not considered qualified tuition and related expenses for 1098-T reporting.
Box 2. Reserved.
Box 3. Reserved.
Box 4. Shows any adjustment made by an eligible educational institution for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit that you claimed for the prior year (may result in an increase in tax liability for the year of the refund). See “recapture” in the index to Pub. 970 to report a reduction in your education credit or tuition and fees deduction.
Box 5. Shows the total of all scholarships or grants administered and processed by the eligible educational institution. The amount of scholarships or grants for the calendar year (including those not reported by the institution) may reduce the amount of the education credit you claim for the year. TIP: You may be able to increase the combined value of an education credit and certain educational assistance (including Pell Grants) if the student includes some or all of the educational assistance in income in the year it is received. For details, see Pub. 970.
Box 6. Shows adjustments to scholarships or grants for a prior year. This amount may affect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year. You may have to file an amended income tax return (Form 1040X) for the prior year.
Box 7. Shows whether the amount in box 1 includes amounts for an academic period beginning January–March of the upcoming year. See Pub. 970 for how to report these amounts.
Box 8. Shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at the reporting institution.
Box 9. Shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential.
Box 10. Shows the total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer. The amount of reimbursements or refunds for the calendar year may reduce the amount of any education credit you can claim for the year (may result in an increase in tax liability for the year of the refund).
Future developments. For the latest information about developments related to Form 1098-T and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1098T.
If you graduated in May, you likely will not receive a 1098-T tax form for the prior 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. If you registered for your spring classes during the fall, those charges would have been part of last year’s 1098-T tax form. This is the case for most spring graduates. This does not mean that you cannot claim a credit on your taxes. However, you may not receive a 1098-T tax form for the tax year if you did not have any charges added to your account during the calendar year. Please contact your tax preparer if you have additional questions about your eligibility to claim educational tax credits.
HOW CAN I PRINT MY 1098-T FORM?
The 1098-T Form will be made available by Jan. 31st. 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 the tax year you want.
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 1098T.
- 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.