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Hope and Lifetime Learning Credits

1098T tax forms will be mailed to eligible students prior to January 31. Please keep your address current.

You can view your 1098T information on MySSU by logging in and clicking on Student / Billing Information / My 1098T Info / Go to My 1098-T Info

The following letter briefly explains the information Shawnee State University provides on the 1098T tax form and some additional reference sites:

Dear Student:

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 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 (PDF), 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.

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

Shawnee State University can be contacted at (740) 351-4BUR (4287) to answer questions you may have on the financial information displayed on your 1098-T tax form. Since specific tax advice can only be provided by a tax professional, Shawnee State University encourages you to consult with your own tax advisor to determine whether one of these tax credits is applicable for your situation. For your convenience we have listed additional toll free telephone numbers, reference materials and web sites where you can obtain further information.

Other Reference Sites

Internal Revenue Service

www.irs.gov
Tax Benefits for Education: Information Center
1-800-829-3676

Student Loan Funding

Tax breaks for college
1-800-477-7532

Need help?

Shawnee State University can be contacted at (740) 351-4BUR (4287) to answer questions you may have on the financial information displayed on your 1098-T tax form.