The 1098-T Hope and Lifetime Learning tax credit tuition statements are mailed to students in January. The data is also available to view online through Student Online Services. Students can also view prior year 1098-T tax information online.

Great online resource for tax credit information: Tax Breaks for Higher Education.

The main purpose of the form 1098T is to help students determine if they are eligible to receive two tax credits: the American Opportunity credit and the Lifetime Learning credit. We follow Internal Revenue Code section 6050S and the corresponding regulations in reporting Form 1098T. A Tuition Statement is issued each year a student is enrolled in credit hours at the university. OSU reports Amounts Billed in Box 2 and not Payments Received in Box 1 as allowed by IRS regulations.

It is the taxpayer's responsibility to determine the amount of qualified tuition and fees paid, and to determine whether they are eligible for any tax credits.

To assist the student and the IRS in determining if the student qualifies for these tax credits, the university is required to indicate whether the student was enrolled at least half time for one term during the calendar year. The IRS also requires the university to indicate if the student was enrolled exclusively in graduate level courses. If this indicator is marked, it could mean the student is not eligible for the American Opportunity credits.

 

 What is the information reported in the boxes?

  • Box 1 is not used for reporting purposes by Oregon State University.
  • Box 2 represents the total amount billed for qualified tuition and related expenses for terms the student is enrolled within calendar year 2016 (Spring 2016, Summer Sessions 1 and 2 2016 and Fall 2016). Please note, an amount billed for qualified tuition and related expenses within calendar year 2016 for a future term will not be counted in Box 2. (i.e. amounts billed in 2016 for qualified tuition and related expenses for the Spring semester 2017).

What are some examples of qualified tuition and related expenses?

Qualified Tuition & Related Expenses

  • Tuition
  • General fee
  • Technology fee
  • Recreation fee
  • Program fees
  • Lab fees
  • Online Course fees

Unqualified expenses

  • Rent
  • Dining
  • Bookstore purchases
  • Late fees
  • Student Health Insurance
  • Health Care Assessment fees
  • Telephone Service fees
  • Box 4 reflects prior year adjustments to qualified tuition and related expenses.
  • Box 5 reflects grant and scholarship received by the student for terms within the
    2016 tax year (Spring 2016, Summer Sessions 1 and 2 2016 and Fall 2016).
  • Box 6 reflects adjustments for prior year grant and scholarship.
  • Box 7 is not used for reporting purposes.
  • Box 8 indicates that the student was enrolled at least half time in a degree or certificate program during the 2016 tax year.
  • Box 9 is checked for all graduate level students.
  • Box 10 is not being used for reporting purposes.

For more information please review Education Tax Credits and IRS Publication 970, for tax year 2016, when it becomes available.

Oregon State University employees cannot offer tax advice. However, if you have questions about the information provided on the 1098T form you may contact us.

The following are some of the resources available for tax information:

  • IRS Tax Form 8863 with form instructions
  • IRS Publication 970 Tax Benefits for Education
  • Online: http://www.irs.gov
  • IRS 800 Phone Number: 1-800-829-1040
  • Professional Tax Preparers
  • The 1098-T Hope and Lifetime Learning tax credit tuition statements are mailed to students in January. The data is also available through Student Online Services. Students can also view prior year 1098-T tax information for online too.