1098T Form Information

What is Form 1098-T?

As an eligible institution, Florida Atlantic University is required by law to provide 1098-T Tuition Statements to eligible students who are enrolled in courses at the University during the calendar year. The 1098-T tax form is a statement of qualified tuition and fees paid to Florida Atlantic University, and the amount of scholarships and grants received by a student during the calendar year that is provided to the student, as well as reported and filed with the IRS. 

The 1098-T is intended to assist you with filing for the tuition and fees deduction or the education tax credits, such as the Lifetime Learning Credit and the American Opportunity Tax Credit.  Receipt of Form 1098-T does not necessarily mean that you qualify for any of the tax benefits.  Please consult with your tax professional or refer to the IRS for any tax-related questions. 

Florida Atlantic University cannot and does not offer advice on tax matters

When will Form 1098-T be available to eligible students?

1098-T Tuition Statements will be available online by January 31st for the previous tax year. The University will not be sending paper copies. Please refer to the instructions on our website on how to retrieve your form online.

Will my 1098-T be provided to the IRS? 

Yes.  Florida Atlantic University is required to transmit your 1098-T electronically by March 31st.

What are qualified tuition and related expenses?

Qualified tuition and related expenses (QTRE) are defined by the IRS as tuition and fees a student must pay to be enrolled at or attend an eligible educational institution. Some examples of fees not included on your 1098-T are housing, meal plan, transportation, payment plan enrollment, and health fees as these are not qualified education expenses according to the IRS rules. 

Have there been any changes to Form 1098-T?

In tax years 2017 and prior, 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, Florida Atlantic University will report in Box 1 the amount of payments received for qualified tuition and related expenses (QTRE) during the calendar year. The amount in Box 1 will consist of QTRE payments received less any refunds made. The amount reported is not reduced by scholarships and grants which are reported in Box 5.

  • Box 1Payments Received for Qualified Tuition and Related Expenses: The total amount of payments from any source received by Florida Atlantic University for qualified tuition and related expenses less any reimbursements or refunds made during 2018 that relate to those payments. Please note that the amount in Box 1 will NOT equal to or sum to the charges made for calendar year, because not all charges are considered qualified tuition and related expenses as defined by the Internal Revenue Service.
  • Box 2This box will be left blank.
  • Box 3Checkbox for Change of Reporting Method: This box will be checked by Florida Atlantic University for 2018 due to the change of institutional reporting requirements under federal law.
  • Box 4Adjustments Made for a Prior Year: This box is used to report reductions in qualified tuition and related expenses that were reported in a prior year. This amount may reduce any allowable education credit you may claim for the prior year.  This box will be blank for 2018 as this is the first year Florida Atlantic University has reported payments.
  • Box 5Scholarships or Grants: This box reports the total amount of all scholarships or grants posted to your account during the calendar year.  Scholarships and/or grants will be reported in Box 5 and will be also included in Box 1 (payments received).
  • Box 6Adjustments to Scholarships or Grants for a Prior Year: This box is used to report reductions to scholarships or grants previously reported in prior years. 
  • Box 7Checkbox for Amounts for an Academic Period Beginning in January through March (the following calendar year): This box will be checked if qualified tuition and related expenses are paid in one year, but the academic period begins January through March of the following year. Example: Winter term charges are billed in December but classes begin in January.
  • Box 8Check if at Least Half-Time Student: This box will be checked if the student was at least a half-time student during any academic period during the calendar year.
  • Box 9Check if a Graduate Student: This box will be checked 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.
  • Box 10Insurance Contract Reimbursements or Refunds: This box will be left blank.

For 1098T Information prior to Tax Year 2018, click here

Does every student get a Form 1098-T?  

The IRS does not require Florida Atlantic University to provide Form 1098-T for:

  • Courses for which no academic credit is offered (e.g. continuing education, certificate programs); even if the student is otherwise enrolled in a degree program;
  • Nonresident alien students;
  • Students whose expenses are covered by a formal 3rd party billing arrangement.

How do I access my 1098-T?

To view your 1098-T statement, follow the steps below:

  1. Go to  MyFAU
  2. Select Sign In
  3. Select FAU Self Service
  4. Select Student Services
  5. Select Student Account
  6. Select Pay Your Bill or Review Your Statement
  7. Select View (located to the right of your latest 1098-T statement)
  8. Select the “⚙” icon under Action and click View

I am a former student.  How can I get a copy of my 1098-T?

If you are no longer able to login using MyFAU, please use the link below for instructions on how to activate your FAUNetID.  Once you activate your FAUNetID, follow the instructions under “How do I access my 1098-T?”.

 http://www.fau.edu/oit/files/how-to-activate-your-faunet-id.pdf

For login assistance, please contact the helpdesk at www.fau.edu/helpdesk or by phone at (561) 297-3999 or (866) 855-8325.

Who do I contact if I still have questions about my 1098-T?

If you believe there is an error on your 1098-T tax form, please contact Tuition and Billing Services by calling 561-297-6101 or email them at webcontroller@fau.edu.  

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

HELPFUL RESOURCES

  • IRS Publication 970, Tax Benefits for Education
  • Form 8863 – Education Credits
  • Tax Benefits for Education: Information Center

 



 Last Modified 1/16/19