IRS Form 1098-T

On this page:

• General Information
• Official 2023 IRS Form 1098-T Instructions for Students
• Additional Information Regarding IRS Form 1098-T
   

General Information

Wright State University follows new IRS reporting requirements that became effective for Calendar Year 2018 by system generating IRS Form 1098-T annually for students with qualified tuition and related expenses (QTRE) paid in excess of scholarships and grants. Under IRS guidance prior to 2018, Wright State University reported Qualified Tuition and Related Expenses (QTRE) billed.

Per Internal Revenue Service Instructions for Form 8863, education credits are based on the amount of adjusted qualified education expenses paid in 2023 (e.g. check, cash, credit cards, loans, financial aid) for academic periods beginning in 2023 or the first 3 months of 2024.

Additional information regarding your student account activity can be found by logging onto WINGS and by viewing your 2023 electronic billing statements.

• To view student account information, select Student Accounts/Bursar Services tile in the right navigation pane, select Student Account Center, which will take you to our e-commerce site. At the e-commerce site, select either "View Activity" or “View Statements” to review charges and payments on your account.
• Students can view 1098-T statements online by clicking "IRS 1098-T Tax Notification" under the Student Accounts/Bursar Services link, then enter tax year and click "Submit". You along with any authorized users you designate can also view your statements through our e-commerce site.

Wright State University cannot offer tax advice; therefore, we encourage students to consult with a tax advisor to determine eligibility for any educational tax benefit. Additional information regarding Education Tax Benefits can be found at IRS.gov by searching for education tax benefits.

Emergency financial aid received as part of the CARES Act, Coronavirus Response and Relief Supplemental Appropriations Act or the American Rescue Plan are qualified disaster relief payments under section 139 of the Internal Revenue Code and is not included in your Payments Received (Box 1) unless you authorized such emergency financial aid to be applied against your account balance (net of any associated refund).  Emergency financial aid is not included as Scholarships or Grants (Box 5) regardless if the emergency financial aid was directly distributed to you or applied against your account. Additional information can be found at: https://www.irs.gov/newsroom/higher-education-emergency-grants-frequently-asked-questions

Please reference the 1098-T Guide (PDF) for a detailed description of the 1098-T.
 

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Official 2023 IRS Form 1098-T Instructions for Students

You, or the person who can claim you as a dependent, may be able to claim an education credit on Form 1040 or 1040-SR. This statement has been furnished to you by an eligible educational institution in which you are enrolled, or by an insurer who makes reimbursements or refunds of qualified tuition and related expenses to you. This statement is required to support any claim for an education credit. Retain this statement for your records. To see if you qualify for a credit, and for help in calculating the amount of your credit, see Pub. 970, Form 8863, and the Instructions for Form 1040. Also, for more information, go to www.irs.gov/Credits-Deductions/Individuals/Qualified-Ed-Expenses.

Your institution must include its name, address, and information contact telephone number on this statement. It may also include contact information for a service provider. Although the filer or the service provider may be able to answer certain questions about the statement, do not contact the filer or the service provider for explanations of the requirements for (and how to figure) any education credit that you may claim.

Student’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN). However, the issuer has reported your complete TIN to the IRS. Caution: If your TIN is not shown in this box, your school was not able to provide it. Contact your school if you have questions.

Account number. May show an account or other unique number the filer assigned to distinguish your account.

Box 1. Shows the total payments received by an eligible educational institution in 2023 from any source for qualified tuition and related expenses less any reimbursements or refunds made during 2023 that relate to those payments received during 2023.

Box 2. Reserved for future use.

Box 3. Reserved for future use.

Box 4. Shows any adjustment made by an eligible educational institution for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit that you claimed for the prior year (may result in an increase in tax liability for the year of the refund). See “recapture” in the index to Pub. 970 to report a reduction in your education credit or tuition and fees deduction.

Box 5. Shows the total of all scholarships or grants administered and processed by the eligible educational institution. The amount of scholarships or grants for the calendar year (including those not reported by the institution) may reduce the amount of the education credit you claim for the year. TIP: You may be able to increase the combined value of an education credit and certain educational assistance (including Pell Grants) if the student includes some or all of the educational assistance in income in the year it is received. For details, see Pub. 970.

Box 6. Shows adjustments to scholarships or grants for a prior year. This amount may affect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year. You may have to file an amended income tax return (Form 1040-X) for the prior year.

Box 7. Shows whether the amount in box 1 includes amounts for an academic period beginning January–March 2024. See Pub. 970 for how to report these amounts.

Box 8. Shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at the reporting institution.

Box 9. Shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential.

Box 10. Shows the total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer. The amount of reimbursements or refunds for the calendar year may reduce the amount of any education credit you can claim for the year (may result in an increase in tax liability for the year of the refund).

Future developments. For the latest information about developments related to Form 1098-T and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1098T.

Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online federal tax preparation, e-filing, and direct deposit or payment options. 
 

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Additional Information Regarding IRS Form 1098-T

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 educational 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.

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. 

Note: A Form 1098-T will be system generated only for those individuals who paid qualified tuition and related expenses in excess of scholarships during the calendar year.

Wright State University 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 2023 Form 1098-T, that you may receive in January 2024, for your general reference. For more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.