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 Qualified Tuition Related Expenses you paid during the year. Box 2 will contain the same calculations as previous years.
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 2017.
Educational institutions may choose to report payments received, or amounts billed for qualified tuition and related expenses. Tulane chooses to report Amounts Billed in Box 2, instead of Payments Received. We are mandated to report transactions posted during the calendar year, January 1 through December 31.
If the student registered for spring semester 2017 in 2016, tuition charges posted as registration occurred, and were reported on the 2016 1098-T form. Box 7 was checked indicating that the amount in box 2 included tuition for spring semester of 2017. It may be necessary to consult your 2016 and 2017 1098-T forms to complete your taxes.
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. 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.
Box 2: Amounts Billed for Qualified Tuition and Related Expenses
Box 2 displays the amounts billed during the calendar year for qualified tuition and related expenses. The amount reported is the total amount billed for tuition, academic service fees, student activity fees, recreation center fees, and course fees less any reductions in those charges made during the calendar year. The amount reported is not reduced by scholarships and grants reported in Box 5.
Box 3: Checkbox for Change of Reporting Method
For the tax year 2018, Box 3 will be checked to signify the change Tulane will make in our method of reporting Payments Received in Box 1 and Amounts Billed in Box 2.
Box 4: Adjustments Made for Prior Year
Box 4 displays any reductions in charges made for qualified tuition and related expenses posted during the calendar year that relate to amounts billed that were reported for any prior year after 2002.
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 2017
Box 7 is checked if any amounts billed for qualified tuition and related expenses reported for 2017 relate to an academic period that begins in January through March of 2018.
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 2017. 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:
Online access is currently available for tax years 2013 - 2017, where applicable. Please contact Accounts Receivable directly if you require a copy of a prior year 1098-T tax statement. A paper copy of the 2017 statement will be mailed to all students with reportable information no later than January 31, 2018.