1098-T Tax Information Available Now

Step by step instructions on how to access your 1098-T Tax Form.

Information on this tax form is to assist you in claiming an educational tax credit on your federal income tax return. The Taxpayer Relief Act of 1997 allows students (or taxpayers claiming students as dependents) to claim certain qualified tuition and fee payments as a Lifetime Learning Credit or the American Opportunity Credit.

IRS Tax Form 1098-T is generated for students who are U.S. residents, have provided a valid social security number, and have paid tuition during the calendar year. Box 1 will includethe amount of qualified tuition related expense paid from all sources less any reimbursements or refunds during the calendar year. Per IRS regulations, the qualified tuition payments in Box 1 do not include payments for non-qualified educational expenses. Box 5 will include scholarships or grants processed by the College during the calendar year. The information on this tax form is furnished to the Internal Revenue Service.

FSW is not able to assist you in determining your tax credit or deduction eligibility or with preparing your income tax return. Consult your tax advisor or the Internal Revenue Service publications and websites for tax information on the use of the information provided on this form.