Tax Information/1098-T

The 2019 tax year 1098-T forms were postmarked January 31, 2020.

Note: 1098-T forms report qualifying payments made during 2019. Payments received for qualified tuition and related expenses include those applied to tuition and comprehensive fees. Meal plan and housing payments are not included.

The form is informational only and should not be considered as tax advice. When claiming a tax credit or deduction, the taxpayer’s financial records serve as the official supporting documentation for calculating the amount being claimed. Student Accounts cannot advise you regarding your tax form. We highly encourage you to direct your questions to a tax professional.

If you wish to opt out of getting future 1098-T’s mailings and want to get an electronic copy of your form, please click on the following: Instructions on how to obtain an electronic copy.

Additional Information

Some of the most common reasons you did not receive a 1098-T:

  • You had no payments post in 2019 that applied to qualified charges
  • If financial aid (scholarships, grants, military educational benefits, tuition benefits) covered all your qualified expenses
  • If academic credit was not obtained in the calendar year for which the form was generated
  • If a third party paid your charges in full

How to read information on the 1098-T:

  • Box 1 – Payments received for qualified tuition and related expenses, including 529 college savings plans & state prepaid plans
  • Box 2 – Amounts billed for qualified tuition and expenses (This should be blank as we are required to report qualified payments)
  • Box 4 – Adjustments made for a prior year
  • Box 5 – Scholarships or grants including payments made by a third party under former billing arrangements, employer provided educational assistance, and military educational benefit payments

Additional resources

Tax Benefits for Education – IRS Publication

IRS Student’s Page – Higher Education 

W-9S Request for Student’s or Borrower’s Taxpayer Identification Number and Certification