2018 FORM 1098-T federal tax documents are available online for qualified students. The online 1098-T is a copy of your paper tax form.
Important note regarding Box 1 & 2:
For tax year 2017 and earlier, eligible educational institutions were allowed to choose to report payments received, or amounts billed, for qualified tuition and related expenses (QTRE). Tulane chose to report Amounts Billed in Box 2, instead of Payments Received in Box 1.
Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
Form 1098-T is the information return that colleges and universities are required to issue for the purpose of determining a student's eligibility for the American Opportunity Tax Credit and Lifetime Learning Credit education tax credits. More information about these tax credits can be found online: https://www.irs.gov/individuals/education-credits-aotc-llc
A 1098-T form is produced annually for each student with qualifying account transactions if a valid Social Security or Tax Identification Number was provided to the University. A paper form will be mailed to each qualifying student no later than January 31.
Accounts Receivable staff are not tax preparers and cannot give advice on your tax return preparation. You may refer to IRS Publication 970 or Publication 17, Chapter 35 for more information.
Why did I not receive a 1098-T? I paid tuition in 2018.
In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
You may not receive a 2018 form if one any one of the following is true:
Below is an explanation of how Tulane determines the value in each box of the 1098-T form.
Box 1: Payments Received for Qualified Tuition and Related Expenses
Box 1 displays the total amount of payments received for qualified tuition and related expenses from all sources during the calendar year. Payments displayed in Box 1 cannot exceed QTRE. The amount reported is the total amount of payments received less any reimbursements or refunds made during the calendar year. The amount reported is not reduced by scholarships and grants reported in box 5. Qualified tuition and related expenses may not include items that are permissible expenditures under college savings plans.
Box 2: Reserved
Beginning 2018, institutions are required to report amounts paid for QTRE in Box 1.
Box 3: Checkbox for Change of Reporting Method
For the tax year 2018, Box 3 is checked to signify the change Tulane made to report Payments Received in Box 1. Prior to 2018, Tulane reported QTRE in Box 2.
Box 4: Adjustments Made for Prior Year
Box 4 represents a reduction in payments made for QTRE originally billed in a prior calendar year.
Box 4 is not reported in 2018 for any student, as Tulane did not report payments made for QTRE originally billed in a prior calendar year.
Box 5: Scholarships or Grants
Box 5 displays the total amount of any scholarships or grants processed during the calendar year for payment of the student's costs of attendance. Scholarships and grants generally include all payments received from 3rd parties (excluding family members and loan proceeds). This includes payments received from governmental and private entities such as the Department of Veterans Affairs, the Department of Defense, civic, and religious organizations, and nonprofit entities.
Box 6: Adjustments to Scholarships or Grants for a Prior Year
Box 6 displays the amount of any reduction to the amount of scholarships or grants that were reported for any prior year after 2002.
Box 7: Checkbox for Amounts for an Academic Period Beginning in January through March 2019
Box 7 is checked if any payments of qualified tuition and related expenses reported for 2018 relate to an academic period that begins in January through March of 2019.
Box 8: Check if at Least Half-Time Student
Box 8 is checked if the student was at least a half-time student during any academic period that began in 2018. A half-time student is a student enrolled for at least half the full-time academic workload for the course of study the student is pursuing.
Box 9: Check if a Graduate Student
Box 9 is checked if the student was a graduate student. The student is a graduate student if the student was enrolled in a program or programs leading to a graduate-level degree, graduate-level certificate, or other recognized graduate-level educational credential.
If you have not provided Tulane with a valid Social Security or a Tax ID number, you must provide that information at this time to be eligible for a Form 1098-T. You may provide that information securely to Tulane by: