Info for Parents Counselors

1098-T and Tuition Tax Credits

Under the American Recovery and Reinvestment Act (ARRA), many parents and students qualify for a tax credit, the American Opportunity Credit, to pay for college expenses.

To help determine the tax credit you may be eligible for, please review IRS Form 8863 - Education Credits, Instructions for Form 8863, and IRS Publication 970 - Tax Benefits for Higher Education.

For more information, please visit the IRS website.

IRS Form 1098-T Tuition Statement

The IRS Form 1098-T Tuition Statement reports the qualified tuition billed to you and the amount of scholarships and/or grants you received this calendar year. This form is used to assist you and your parents in calculating any educational tax credits you may be eligible for.

Puget Sound has partnered with our Bill + Payment provider, TouchNet, to provide you with your Form 1098-T.

Students:

Agree to receive a paperless version of your 1098-T (Available until 1/23/2017)

  1. Login to myPugetSound
  2. Select Bill + Payment
  3. If you have not already accepted the online consent to receive a paperless version of the 1098-T do so now by going to the Agreements section of My Account
  4. Click the Change button
  5. In the popup which appears choose Accept Consent

Your 2016 1098-T will be available after January 31, 2017

To view your paperless 1098-T:

  1. Login to myPugetsound
  2. Select Bill + Payment
  3. Click on eStatements at the top of the page
  4. Within eStatements select the link to view 2016 1098-T

Authorized Users:

** Your student must give you permission to view her/his 1098-T via the Authorized Users tab in Bill + Payment **

24 hours after your student has given permission for you to view the 1098-T you can access it following these steps:

  1. Login to Bill + Payment
  2. Click on eStatements at the top of the page
  3. Within eStatements select the link to view 2016 1098-T

If you have questions regarding the amounts shown on Form 1098-T, please contact us at 253.879.3214 or email sfs@pugetsound.edu.  Questions pertaining to the actual preparation and filing of your personal taxes should be directed to your personal tax adviser or Internal Revenue Service. Puget Sound does not provide tax or legal advice.

Understanding your Form 1098-T

  • Box 2, Amounts billed for qualified tuition and related expenses, includes Spring 2016, Summer 2016, and Fall 2016. 
  • Box 5, Scholarships or grants, includes Spring 2016, Summer 2016, and Fall 2016

If you would like to receive your Form 1098-T through US mail, you do not need to do anything. It will be sent to your permanent address.