1098-T Tax Credits
Students who have grants/scholarships in excess of tuition and fees are not eligible for a tax credit, therefore will not have a 1098-T. Grants/Scholarships are any funds that do not have to be paid back.
- 1098-T Information will be mailed on January 31.
- Students may opt-in for Electronic Delivery BEFORE January 31 in lieu of having a copy mailed.
1098-T Electronic Delivery Instructions
- Log into 1098Tforms.com to opt-in for electronic delivery of your 1098-T form for the tax year 2017.
- Opt-in Instructions for Enrollment and Download Information (pdf) (Document that lists each step with sample screenshots)
- If a student experiences consistent errors, or cannot complete the opt-in process, the student should:
- Close the browser and clear the Cache on their device. Restarting the device is preferred.
- Start the OPT-IN Process again, starting at the “TO STUDENT ENROLLMENT PAGE” Link, and use a different Username than the first Username.
What is a 1098-T form?
IRS Form 1098-T assists the student/family in determining if they qualify for certain education related tax credits. The IRS requires educational institutions to file Form 1098-T for each enrolled student who has incurred qualified tuition and related expenses during calendar year 2017.
Why should I elect to receive my 1098-T electronically?
Electronic delivery is immediate and more secure because your document can’t be lost in the mail.
How do I get a 1098-T from a previous year?
2014, 2015, and 2016 forms are available at the Bursar’s Office.
Why did I not receive a 1098-T?
Rogers State University is not required to furnish a 1098-T for the following reasons:
- Students who take classes where no academic credit is offered;
- Students who are nonresident aliens for income tax purposes;
- Students whose qualified tuition and related expenses are entirely waived or paid entirely with grants and scholarships.
What expenses qualify for credit?
Qualified expenses include tuition and mandatory miscellaneous fees, it does NOT include housing, meals, insurance, health service fees, bookstore purchases, parking permits or fines, etc.
I made several payments in 2017 but they are not reflected on my 1098-T. Why?
The IRS gave colleges and universities the option to either report “Payments received for qualified tuition and related expenses” – or – “Amounts billed for qualified tuition and related expenses”. Rogers State University chose to report on “qualified amounts billed”. As a result, nothing will be reported on your 1098-T in regards to payments made. Your eligibility for tax benefits is not impacted by whether a university reports amounts paid or amounts billed. The school must continue to use the same reporting method for all calendar years unless the IRS grants permission to change the reporting method.
Why isn’t there an amount entered in Box 1?
Box 1 –“Payments received for qualified tuition and related expenses”. The IRS provides the option to colleges and universities to report either amounts in Box 1 or Box 2, but not both. Rogers State University has selected to report amounts in Box 2, so Box 1 must be blank.
The information provided here is NOT tax advice. It is offered only as general information for RSU students and their families. Please consult a qualified tax expert for advice on computing, claiming, or determining qualification for any tax benefit.