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 Web
- Retrieve 1098-T Tax Docs
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, pleas 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.
Why does the 1098-T Tax Form for 2018 look different than previous years?
In previous years, the 1098-T included a figure in Box 2 that represented the qualified educational expenses that were billed between January 1 and December 31. Due to a change in institutional reporting requirements under federal law, beginning with the tax year 2018, the Student Accounts Office will report in Box 1.
What is included in Box 1?
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 does not include room, board, insurance, medical expenses, transportation, and similar personal, living, or family expenses.