1098T Tax Credit Information

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, 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.

Central Washington 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.

For more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.

There are a variety of tax credits, deductions and savings plans available to taxpayers to assist with the expense of higher education. You may be eligible for one or more of the following:

CWU creates 1098T forms in late January and makes them available to students through their MyCWU access. When students do not consent to view their 1098T information online, CWU mails the 1098T to the home address on file before the end of January. CWU cannot create a 1098T for a student unless their social security number is on file. We can manually create a 1098T if a student does not have a social security number but has a tax ID number and submits the number to us. To add a social security number or tax ID to your record, please go to your checklist items in MyCWU to upload the documents.

Please visit the IRS website for more information on these tax credits and other deductions.

You can use the IRS’s Interactive Tax Assistant tool to help determine if you’re eligible for educational credits or deductions, including the American Opportunity Credit, the Lifetime Learning Credit and the Tuition and Fees Deduction.

Please contact CWU Student Accounts at 509-963-3546 if you have questions or concerns.

1098-T Form for Qualified Tuition Expenses:

What is the 1098-T form?

Under the American Recovery and Reinvestment Act (ARRA), more parents and students qualify for a tax credit, the American Opportunity credit, to pay for college expenses.

The American Opportunity credit originally modified the existing Hope credit for tax years 2009 and 2010, later extended through 2017 — making the benefit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible qualify for the maximum annual credit of $2,500 per student.

The full credit is available to individuals whose modified adjusted gross income is $80,000 or less, or $160,000 or less for married couples filing a joint return. The credit is phased out for taxpayers with incomes above these levels. These income limits are higher than under the existing Hope and Lifetime Learning credits.

Eligible educational institutions, like Central Washington University, are required to submit the student's name, address, tax payer identification number (SSN, or TIN), enrollment and academic status. Beginning in tax year 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, taxable or not. A 1098-T form must also be provided to each applicable student.

Box 8 (at least half-time student) on the 1098-T form will be checked if...

You are considered at least half-time if you were enrolled in at least 6 credits of an undergraduate program or at least 5 credits of a graduate program for any quarter during the current tax year.

Box 9 (graduate student) on the 1098-T form will be checked if...

You were officially admitted and enrolled in a graduate program.

What is the criterion by which I was reported?

Central Washington University's criterion for reporting is based on admission and enrollment. Any CWU admitted student who was enrolled for at least 1 credit in a qualified program during the current tax year will be reported.

I disagree with my status in Box 8 (at least half-time student). Whom should I contact to correct this condition?

The Student Accounts Office at (509) 963-3546.

I disagree with my status in Box 9 (graduate student). Whom should I contact to correct this condition?

The Student Accounts Office at (509) 963-3546.

I did not receive a 1098-T form. Is there a reason why?

There are several reasons why you may not receive a 1098-T form. If your record has an incorrect mailing address, or an invalid social security number, or if you were not enrolled during the current tax year, you may not receive a 1098-T form in the mail. Also, if you only enrolled in courses for which no academic credit is offered, even if you are otherwise enrolled in a degree program.

If you have an incorrect address, you may be able to retrieve your 1098-T form and print it by logging into your MyCWU account. If you do not have a valid social security number you need to complete a W9-S form and bring it or mail it to the Student Accounts Office, Bouillon Hall 101. DO NOT EMAIL YOUR SOCIAL SECURITY NUMBER.

If you do not find your 1098-T form on MyCWU and think you had qualified expenses or received financial aid during the tax year, call the CWU Student Accounts Office at (509) 963-3546.

I lost my 1098-T form. How do I get another?

You may log in to your MyCWU account and print your 1098-T form.

Whom do I contact if my name is incorrect?

You should contact the Student Accounts Office at (509) 963-3546.

Was my financial information reported to the IRS?

YES. The current regulations require student financial information be reported to the IRS.

Can I claim payments made in the current tax year towards qualified tuition and expenses for classes starting early in the next tax year?

YES. The prepayment regulation explains if tuition is paid during one tax year for an academic period that begins during the first three months of the following tax year, taxpayers may claim the credit for the year in which the payment is made. Nevertheless, this information will not appear on the 1098-T form.

Explanation of financial information provided to out students

Your financial information includes tuition and mandatory fee charges and financial aid (gift aid) entries posted to your University account during the current tax year. Cash payments, adjustments to previous years' loans, and previous year adjustments to other non-qualified financial aid are not reported. The information is divided in the following categories:

-Box #2 -Tuition and Course fees and Other Mandatory fees - This includes cost per credit plus course fees (such as laboratory fees), minus any tuition waiver you have received. This includes mandatory fees charged by CWU such as the Student Medical and Counseling Clinic fee, athletic fee, technology fee, and safe ride program fee.

-Box #5 -Gift Aid, Grants, Scholarships or Third Party payments. This includes all the aid that you have received and it may offset the amount of qualified tuition and fees eligible for the tax credit. Read through the regulations and contact the IRS or a tax expert if you have questions. Student Loans and Payments are not included. These will not offset the amount of qualified tuition and fees eligible for the tax credit because they are all considered cash payments.

I disagree with the financial information provided with my 1098-T. Whom do I contact to correct this situation?

You should contact the Student Accounts Office at (509) 963-3546.

How do I claim an education tax credit or deduction?

You can find information regarding the tax credits and deductions at : http://www.irs.gov/uac/Tax-Benefits-for-Education:-Information-Center

How do I know if I qualify for an education tax credit or deduction?

Central Washington University cannot provide individualized information about how to file taxes and the amount of credit or deduction to claim. General information about eligibility and requirements can be found on the IRS web site at www.irs.gov.

Please visit the IRS website for more information on these tax credits and other deductions.

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