Prior to 2018, 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 in reporting requirements under federal law, beginning with tax year 2018, we now report in Box 1 the amount of QTRE you paid during the year.
Box 1 reports combined payments from all sources, but it will not exceed the QTRE billed during the tax year. Box 1 may include payments that are also reported in Box 5 Scholarships and Grants. Therefore, the amounts on Form 1098-T Box 1 might be different from personal payments you made to Texas State University.
As part of ongoing sustainability and cost reduction measures, Texas State University provides students a 1098-T tax form and financial addendum electronically. This information will be available to students no later than February 1st following each tax year, and notification will be sent to the students campus email address.
Two options will be available to view or print your 1098-T form and financial addendum:
*To obtain your current and prior year tax forms please view these detailed instructions .
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.
Texas State 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 advisor, or the IRS at (800) 829-1040 or the IRS Office of Public Liaison at (202) 622-2970 for details.
Form 1098-T : Tuition Statement is an informational return that educational institutions are required to issue to each student that is enrolled and for whom a reportable transaction is made. The 1098-T provides tax information to both the taxpayer and the IRS which may be useful in determining eligibility for tax credits and/or deductions. Either the student or the person that claims the student as a dependent may be eligible for tax credits and/or deductions on his/her individual income tax return for qualified tuition and related expenses. Please note that the 1098-T may not provide all of the information you need to determine eligibility and you will also need your personal financial records. Eligibility for any tax benefit depends upon your individual facts and circumstances. The University cannot provide tax advice. Please consult the IRS or a tax professional to find out more about education credits and deductions and your eligibility.
Your 1098-T form will be available online after January 31st. To electronically access your 1098-T go to the following website(s):
1) Texas State 1098T Reporting website at https://tim.txstate.edu/tax1098t/ or 2) Texas State Self-Service website at https://ssb.txstate.edu/
Amounts Paid for QTRE: Box 1 will report payments made toward qualified tuition and related expenses that were billed in a calendar year. The IRS does not consider fees for health services or transportation qualified tuition, so payments made toward these charges will not be reflected on the 1098-T. All other tuition and related expenses paid are reported in Box 1. Adjustments Made for a Prior Year: Box 4 represents any adjustments made for a prior year Form 1098-T. This may reduce any allowable education credit that you claimed for the prior year. Scholarships and Grants: Box 5 represents 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 reduce the amount of any allowable tuition and fees deduction or the education credit you may claim for the year. Adjustments to Scholarships or Grants for a Prior Year: Box 6 represents adjustments to scholarships or grants for a prior year. This may affect the amount of any allowable tuition and fees deduction or education credit claimed for the prior year.
Additional Information Reported:Box 3 is checked because Texas State University changed its reporting method beginning with tax year 2018. Box 7 indicates, if checked, that Box 1 includes amounts for an academic period beginning in the next calendar year. For example, if you registered and paid for the upcoming Spring semester during November or December, this box will be marked. Box 8 is checked if you have been a student for 6 credit hours (half time) or more for one academic period that began during the calendar year. 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.
Qualified higher education expenses means tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution that were paid from Jan 1 to December 31 of the tax year. http://www.irs.gov/taxtopics/tc313.html
The University counts as non-qualified expenses room and board, student activities, courses not required for the degree program, insurance, equipment, transportation, or other similar personal, living or family expenses.
The form 1098-T, as designed and regulated by the IRS, may not contain all of the information needed to claim an education tax benefit. Please consult a tax professional, the IRS at 800-829-1040, or the IRS Publication 970 Tax Benefits for Education. You may need additional information.