1098-T and Tuition Tax Credits
Your 2022 1098-T is available January 31, 2023
The IRS Form 1098-T Tuition Statement reports the payments made for qualified education expenses during the calendar year. This form, in conjunction with personal financial records, is used to assist you and your parents in calculating any educational tax credits you may be eligible for.
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
IRS Regulations require colleges and universities to report all payments received (up to the amount of qualified tuition and fees) in Box 1 of the 1098-T.
- (Box 1) Amounts paid for qualified tuition and related expenses (QTRE), includes Spring 2022, Summer 2022 and Fall 2022.
- Amounts reported as payments include personal payments, loans, and scholarships/grants received during the calendar year for qualified education expenses less any refunds issued due to over-payments of tuition. Total payments reported in Box 1 cannot exceed the amount of applicable qualified education expenses.
- Qualified education expenses include tuition and fees required for enrollment. Other charges, including housing and meal plans are not considered qualified education expenses for 1098-T purposes.
- The amount reported in Box 1 is NOT reduced by scholarships and grants reported in box 5.
- (Box 5) Scholarships and Grants received during the calendar year, includes Spring 2022, Summer 2022 and Fall 2022.
PER IRS REGULATIONS, UNIVERSITIES ARE NOT REQUIRED TO PROVIDE A 1098-T IN THE FOLLOWING INSTANCES:
- You enrolled for courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program
- Students whose qualified tuition and fees are paid entirely with scholarships and/or grants.
- If the student withdrew and earned no academic credit.
- Students who are not US Citizens, unless requested by the student. If citizenship status is listed as "Other" in our system, contact our office to get the form created.
Puget Sound has partnered with our Bill + Payment provider, TouchNet, to provide you with your Form 1098-T.
VIEW YOUR 1098-T ELECTRONICALLY
Students who consented to receive the 1098-T electronically can view the form in the Bill + payment system as well as Authorized Users; if granted permission.
- Log into Bill + Payment
- From the home page, scroll to the Statements box, and click "View Statements" next to "Your latest 1098-T Tax Statement"
- Click "View" button in the Action column for the Tax Year desired
- You will be directed to a third-party 1098-T processor page hosted by Heartland/ECSI. After selecting the radio button for the desired tax year, click ‘View’ button to view or print your 1098-T Statement.
IF A STUDENT DID NOT CONSENT TO RECEIVE THE 1098-T ELECTRONICALLY, THEY MUST DO SO TO VIEW THE 1098-T IN BILL+PAYMENT - THIS WILL ALLOW AUTHORIZED USERS TO SEE IT AS WELL.
Students can Consent to Electronic Delivery of the 1098-T by logging in to Bill+Payment and following the steps in the PDF How to change 1098T delivery method.
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 the instructions above "View Your 1098-T Electronically".
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.
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.