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IRS Form 1098-T

What is Form 1098-T?

 The University of Dayton issues Form 1098-T annually to any student who paid qualified educational expenses in the previous tax year. Qualified expenses include tuition, required fees and course materials. The 1098-T includes information from the prior calendar year only.

If you are eligible to receive the 1098-T for 2018, you can expect it to be mailed by January 31, 2019. In My Payment Center, you can make the choice to opt out of the paper 1098-T and receive an electronic copy only.  You will receive an email notification and have the ability to view and/or print your form securely online immediately.

 

Form 1098-T Changes for 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.

Depending on your income (or your family's income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified education expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)

The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 - the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.

University of Dayton is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.

Below is a blank sample of the 2018 Form 1098-T, that you will receive in January 2019, for your general reference.  For more information about the Form 1098-T, visit https:www.irs.gov/pub/irs-pdf/f1098t.pdf.

 

sample_2018_form_1098_t.jpg

Accessing the 1098-T

 

Eligible students who did not receive a 1098-T form in the mail have opted to receive the information in electronic form only in My Payment Center.  The electronic 1098-T is also available to those who received a paper copy by mail.

Student Retrieval:

Log into Porches and choose the Flyer Student Services tab.  There is a link to My Payment Center in the 'My Awards and Payments' section.

Parent Retrieval:

If your student has already set you up as an authorized user and enabled access to view the 1098-T, please use your log in credentials for My Payment Center to view the form.

Parents without authorized user access will need the student to complete the following:

Log into Porches and choose the Flyer Student Services tab.  A link to Add/Manage Authorized Users is located in the 'My Awards and Payments' section. Providing the authorized user email address and giving permission to view the 1098-T form will generate an email.  Upon receipt, your log in credentials can be established allowing access.

 

CONTACT

Flyer Student Services

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Dayton, Ohio 45469 - 1600
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