Form 1098-T

Form 1098-T is a statement colleges and universities are required to issue to certain students. It provides the total dollar amount paid to your student account for what is referred to as qualified tuition and related expenses during the tax year (January through December). The student, or the person that claims the student as a dependent, may be able to claim an education credit on their tax return. To see if you qualify for the credit, see Publication 970, Tax Benefits for Education and Form 8863, Education Credits.

Internal Revenue Service regulations define qualified tuition and related expenses as tuition and fees required to be paid to the institution as a condition of the student’s enrollment or attendance. Qualified fees include the instructional fee, the general fee, the nonresident fee, technology fees, course fees, books, supplies, and equipment that are required for courses. Specifically excluded are: room and board, insurance, medical expenses (such as student health fees), transportation/parking, travel, equipment and other expenses that are not required for enrollment, and personal expenses.

Every Ohio University student whose account had financial transactions during the calendar year will have online access to their Form 1098-T or receive it in paper form by January 31st of the following year. Receiving Form 1098-T does not necessarily indicate that you are entitled to claim any of the education-related tax credits or deductions.

Not necessarily. Determination of eligibility is the responsibility of the taxpayer. Please consult with a qualified tax preparer or review Tax Benefits for Education: Information Center to make an individual determination.

You can print a copy of your Form 1098-T by accessing your MyOHIO Student Center or the Authorized User Portal.

Ohio University is required by the IRS to report on a calendar year basis which is January 1 to December 31. The University can only report amounts to the IRS that posted to the student account between those dates.

The amounts reported in Box 1 on Form 1098-T are based on the calendar year in which the payment was made to your student account. Personal payments made in 2023 will appear on the 2023 Form 1098-T. Spring semester 2024 scholarships and grants will not apply to accounts until January 2024 and will appear on the 2024 Form 1098-T.

Please refer to your canceled checks, credit card statements, and the Account Itemization for details regarding payment amounts and dates. Tax credit is available for payments made between January 1, 2023 and December 31, 2023. The Account Itemization provides an inclusive view of charges, payments, financial aid, and enrollment for a specified semester. The Account Itemization link is located in the Finances section of MyOHIO Student Center. Authorized users can also access the Account Itemization on the Authorized User Portal.

Yes. Loan funds should be considered in the same manner as cash payments.  The credit is claimed in the year in which the loan is disbursed, not in the year in which the loan is repaid. Please review the direct loan disbursement notification you received from Direct Lending for disbursement dates.

For general information on Form 1098-T and the related tax credits/deductions, you can also review the information available from the IRS in Publication 970 (Tax Benefits for Education). If you have questions about how to compute your education tax credit, you should consult a qualified tax professional or review Tax Benefits for Education: Information Center.

If you have specific questions about amounts on Form 1098-T from Ohio University, you can contact the Office of the Bursar at 740.593.4130 or bursar@ohio.edu. Ohio University is unable to provide individual tax advice.

Box 1:  Payments received for qualified tuition and related expenses.

Box 2 : Reserved.

Box 3:  Reserved

Box 4: Adjustments made for a prior year:  The amount in this box will be the sum of all adjustments in tuition related to amounts billed in a prior year. This amount may reduce any allowable education credit you may claim for the prior year.

Box 5: Scholarships or grants:  This box contains the sum of all scholarships and/or grants Ohio University administered and processed for the student during the calendar year. Scholarships that pay for tuition (qualified scholarships) as well as for housing and other expenses (non-qualified scholarships) will be included in this amount. Tuition waivers and payments received from third parties for educational expenses are also included in this box.

Box 6: Adjustments to scholarships or grants for a prior year:  Adjustments in scholarship amounts related to scholarships reported in a previous year are included in this box. This amount may affect the amount of any allowable tuition and fees deduction or education credit you may have claimed for the prior year.

Box 7:  This box will be checked if the amount reported in Box 1 includes payments toward qualified tuition and fees for a semester beginning in the next calendar year. For example, a payment in December 2023 for spring semester 2024.

Box 8:  A check in this box indicates that you are or have been enrolled at Ohio University at least half-time (6 hours or more) for at least one semester during the calendar year. 

Box 9:  This box will be checked if you are a student enrolled in a program leading to a graduate-level degree.

Box 10:  This box is not used by Ohio University so it will be blank.