Tax statements are issued to eligible students annually by January 31 and can be accessed at any time online to view, save, or print a copy for your records.
Students may log in and go to:
- Banner Student
- Bill and Payment
If the student has granted account access for tax documents, the authorized user may log in to retrieve the statement under the Statements section. If you are having trouble accessing the online statement, please email email@example.com for further assistance.
The dollar amounts reported on your 1098-T Tax Form may assist you in completing IRS Form 8863. Your bills are also helpful resources for purposes of calculating the education tax credits that a taxpayer may claim as part of your tax return.
While the Student Accounts Office can not provide tax advice, here are some answers to frequently asked questions. You may also visit the IRS website Publication 970, or contact a tax professional for more information about your ability to claim a tax deduction or tax credit.
Box 1 includes the total amount of payments received for qualified education expenses that were billed between January 1 and December 31. Qualified tuition and fees do not include room, board, insurance, medical expenses, transportation, and similar personal, living, or family expenses.
Generally, charges are posted to your student account in November for the spring semester. Therefore, the charges billed in Spring 2021 would have been included in the calculations for your 2020 1098-T form.
The CARES or CHEFA or ARPA grants are relief funds and are not reported on the 1098-T.