| What is
Form 1098-T?
IRS Form 1098-T (Tuition Payments
Statement) provides information from educational institutions to students
which may be of use in determining a student's eligibility for tax credits.
Instructions for the
student
NEW!
When should student receive the 1098-T form
by?
The 1098-T forms should be received
by 1/31/2006.
Where will the 1098-T form be
mailed to?
The 1098-T form is mailed to the
address filed with
Registration & Records.
How can a re-print be requested?
Contact
Rosemary
Henk at (760) 750-4486
What information is on Form
1098-T?
- The name, address, and taxpayer
identification number of our institution- Cal State San Marcos
- The name, address, and taxpayer
identification number of the student.
- Whether the student was enrolled
for at least half or the full-time academic workload for at least on
academic period.
- Whether the student was enrolled
exclusively in a graduate-level program.
- Amount of qualified tuition and
fees billed by Cal State San Marcos.
What are the Hope and Lifetime
Learning Credits?
The Hope and Lifetime Learning
Credits are credits that may apply to any student registered in a higher
education institution during the calendar year. Form 1098-T may help a
student determine if these education tax credits can be claimed. For
more information on these tax credits and eligibility see:
IRS Websites:
Instructions for the Student
NEW!
An eligible educational institution,
such as a college or university, in which you are enrolled and an
insurer who makes reimbursements or refunds of qualified tuition and
related expenses to you , must furnish this statement to you. You or
the person who may claim you as a dependent, may be able to take
either the tuition and fees deduction or claim an education credit
on Form 1040 or 1040A. The amount shown in box 1 or 2 may represent
an amount other than the amount actually paid in 2004. 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 service provider may be able to answer certain
questions about the statement,
do not contact them or the filer for explanations of the requirements for
(and how to figure) any allowable tuition and fees deduction or
credit, see Pub. 970, Tax Benefits for Education, Form 8863,
Education Credits and the Form 1040 or 1040A instructions.
BOX 1: Shows the total payments
received for qualified tuition and related expenses less any related
reimbursement or refunds.
BOX 2: Shows the total amounts
billed for qualified tuition and related expenses less any related
reductions in charges.
BOX 3: Shows any adjustment made
for a prior year for qualified tuition and related expenses that
were reported on a prior year Form 1098T. This amount may reduce any
allowable education credit you may claim for the prior year. See
Form 8863 or Pub 970 for more information.
BOX 4: 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 any allowable tuition and fees deduction or
the education credit you may claim for the year.
BOX 5: 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 you may claim for the prior year. See Form 8863 for how to
report these amounts.
BOX 6: If this box is checked,
the amount in box 1 or 2 included amounts for an academic period
beginning January-March 2005. See Pub. 970 for how to report these
amounts.
BOX 7:
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 allowable tuition and fees deduction or education
credit you may claim for the year.
BOX 8: Show 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. If
you are at least a half-time student for at least one academic
period that begins during the year, you meet one of the requirements
for the Hope Credit. You do not have to meet the workload
requirement to qualify for the tuition and fees deduction or the
lifetime learning credit.
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. If you are enrolled in a graduate program,
you are not eligible for the Hope Credit, but you may qualify for
the tuition and feed deduction or the lifetime learning credit.
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