形成1098吨
Why did I receive a 1098T?
Educational institutions are required by law to report to students the amount of qualified tuition and fees 你 支付 during the calendar year (January 1 - December 31) for the purpose of determining a student's eligibility for education tax credits. This information is reported on the 形成1098吨.
What is reported on a 1098T?
Box 1 includes the payments 你 made towards eligible tuition and fees (as defined by the IRS) that were posted (宣传) to 你r student account during the calendar year.
的 IRS defines this as "tuition and fees required for the student's enrollment or attendance at an eligible educational institution." Please note that room and board expenses are not included in this amount.
Box 4 includes adjustments to charges on a prior year's 1098T that occurred in this tax year.
Box 5 includes any scholarships or grants that were applied to 你r student account during the calendar year. This generally includes all payments received from 3rd parties (excluding family members and loan proceeds).
Box 6 includes any reduction to the amount of scholarships or grants that were reported for any prior year.
Box 8 is checked if 你 were at least a half-time student during any academic period during the calendar year.
Why is Box 1 completed instead of Box 2 as in previous years?
往年, 你 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we 宣传 to 你r account for the calendar (tax) year. Due to a change in institutional reporting requirements under federal law, beginning with tax year 2018, we will report Box 1 the amount of QTRE 你 支付 年内.
How do I use the 1098T for tax purposes?
Depending on 你r income (or 你r family's income, if 你 are a dependent), whether 你 were considered full or half-time enrolled, and the amount of 你r qualified education expenses for the year, 你 可以 be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9).
的 dollar amounts reported on 你r 1098T 可以 assist 你 in completing IRS表格8863 (the form used for calculating the education tax credits that a taxpayer 可以 claim as part of 你r tax return).
Central Methodist University is unable to provide 你 with individual tax advice. If 你 have any questions, 你 should seek the assistance of an informed tax preparer or advisor.
When will I receive my 1098T?
1098T forms are mailed in late January, no later than January 31st for the previous calendar year. You 可以 also access 你r 1098T information under the "Student" tab on 你r myCMU account during this time.
How can I access my 1098T online?
Log into 你r myCMU account → Select the "Student" tab along the top → Select "1098 Information" on the left side of the page → Select "Go to My 1098-T Info" in the middle of the page → Select the year 你 wish to access information for → "Select View/Print Statement" (this will allow 你 to print a copy of 你r 形成1098吨).
You will also need to print a statement of account to provide along with the 形成1098吨 to 你r tax preparer. To access this select "1098 Statement of Account" on the left side of the page, then select "Account Activity for Calendar Year XXXX".
注意: While 你 can print a 1098T for multiple previous years, the only option for "Account Activity for Calendar Year" is the previous calendar year. You will need to contact the 业务办公室 directly if 你 need a statement of account for years beyond the previous calendar year.
Where can I obtain additional information 十大博彩平台这个表格 and education tax credits?
的 IRS website provides information 十大博彩平台这个表格. Publication 970, Tax Benefits for Education can also be obtained on that web site. 的 IRS website also provides information about who can claim an education credit.
重要提示: A 1098T in no way suggests that 你 are eligible for a tax credit. 1098T's are for informational purposes only. Please speak with a tax professional or consult the IRS website for more information about whether or not 你 qualify for a credit.
