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 MyOSU. Students can also view prior year 1098-T tax information online. You can find instructions for accessing your 1098T online here.

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

In previous years, your 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. QTRE includes only the mandatory enrollment fees. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount you paid during the year for QTRE.

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 you 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.

Oregon State University is unable to provide you with individual tax advice, but should you have any questions, you should seek the counsel of an informed tax preparer or adviser.

Below is a sample of the 2018 Form 1098-T, for your general reference. For more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.

 

 

 What is the information reported in the boxes?

  • Box 1 is the amount you paid during the year for qualified tuition and related expenses.
  • Box 2 is not being used for reporting purposes.

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
    tax year.
  • Box 6 reflects adjustments for prior year grant and scholarship.
  • Box 7 indicates that amounts for a term starting after the end of the current tax year are included in box 1.
  • Box 8 indicates that the student was enrolled at least half time in a degree or certificate program during the 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 2018, 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 American Opportunity and Lifetime Learning tax credit tuition statements are mailed to students in January. The data is also available through myOSU. Students can also view prior year 1098-T tax information for online too.