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1098-T Form

What is the 1098-T form?

The 1098-T form is a Tuition Statement provided by higher education institutions to all students who have been charged for tuition during the calendar 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.

Stevenson 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 adviser.

When will the 1098-T tax form be available to eligible students?

Eligible students that elected to receive an electronic 1098-T will be able to view their tax form online, by January 25. Paper forms will be mailed out to students by January 31.

How do I view my Electronic 1098-T?

Students can view their Electronic 1098-T through WebXpress, if they have elected for the electronic form. Once in WebXpress, under the Financial Information menu, select View my 1098-T Forms. Select for year.

How do I sign up for the Electronic 1098-T?

Students may elect to receive an electronic 1098-T through WebXpress. Once in WebXpress, under financial information, select 1098 Electronic Consent. Once you have selected the option to receive the electronic format, select Submit. If you have not completed this process prior to the end of calendar year, you may not receive access to the form electronically. A paper form will be mailed to your address on file.

What amounts are included in Box 1?

The University is required to report total amount of Qualified Tuition and Related Expenses (QTRE) paid during the year.

Why is Box 2 empty?

In previous years, your 1098-T included a figure 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.

What are considered 'qualified charges'?

Tuition and fees required for course registration are considered qualified. This includes tuition, part-time registration fees, full-time registration fees (including technology, general, and activity fees), and required course fees.

Book expenses are not included on form 1098-T.

Room, meals, transportation, insurance premiums, and medical expenses are not qualified educational expenses and are not included on form 1098-T

What amounts are reported in Box 5?

Box 5 includes all scholarships and grants that have been posted to your student account during the calendar year. This box may also include payments from outside agencies, for scholarships, VA Benefit payments, or other tuition payments made by third party agencies.

Why is my Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) required for the form 1098-T tax form?

Federal regulations require students to furnish their Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) for federal reporting requirements. These requirements apply to any student, regardless of whether the student seeks or intends to seek the American opportunity tax credit (formerly Hope credit) or Lifetime Learning Credit.

I lost my form and need a copy, how do I request a copy?

If you have elected to receive electronic access, you can view and print your form online using WebXpress. You may also email the Student Accounts Office at studentaccounts@stevenson.edu to request another copy be mailed. The form will be mailed to the address on file, to view your address on file, review your User Account in WebXpress.

I am a recipient of a GI Bill paid by the Department of Veterans Affairs (VA). How are the GI Bill tuition and stipend payments reported on a form 1098-T?

Per IRS Publication 970, payments you receive for education, training, or subsistence under any law administered by the Department of Veterans Affairs (VA) are tax free. However, for U.S. tax reporting purposes, GI Bill benefits designated for tuition and fees do not count as qualified payments against federal education tax credits. As required, all GI Bill benefit payments made to the University are included in Box 5, reducing the tax credit eligibility. Stipends and payments made directly to the student are not included in the 1098-T form.

Can you mail the form to my parents or tax preparer?

Stevenson University mails the 1098-T form only to students, at the student’s address on file. Students are expected to provide the tax form to their parent(s), guardian, or tax preparer. Students can also view this form online in WebXpress and download the form.

I still have more questions. Who do I call?

Please call the Student Accounts office at 443-334-3500 with questions, or email us at studentaccounts@stevenson.edu. Our office hours are Monday – Friday 8:30 am – 4:30 pm.