1098-T Tax Info

1098-T Tax Information

2018 1098-T Tax Forms are immediately available online.

The Internal Revenue Service requires that Elizabeth City State University issue Form 1098-T Tuition Payments Statement to students for the purpose of determining a student's eligibility for the Hope and Lifetime Learning education tax credit.

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 IRS reporting regulations, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.

Below is a blank sample of the 2018 Form 1098-T you will receive in January 2019, for your general reference.   Fore more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.

1098t

 

 

 

 

Every student with a reportable transaction will receive form 1098-T (with exceptions).  A student is anyone enrolled in courses for which academic credit is given.

Any adjustments made from prior year amounts billed will be found in Box 4.

Any scholarships and/or grants will be reported in Box 5.

Any adjustments made from prior year scholarships and/or grants will be reported in Box 6.

You may retrieve a copy of your 1098-T tax statement electronically on SSB for students if you need additional copies by taking the following actions:

  1. Go to the ECSU webpage.
  2. Choose the option for Banner.
  3. Scroll down to the option SSB for Students.
  4. Choose the option enter the secure area on SSB.
  5. Enter your Banner ID number and Pin.
  6. Choose the Student tab under the logo.
  7. Choose the option for Student Accounts.
  8. Choose the option for Tax Notification.
  9. Enter the four digit tax year and submit.

If you have specific questions regarding the use of the 1098-T or concerns about how this form affects your tax situation, please seek the advice of a tax professional. 

*Qualified tuition and related expenses as determined by the IRS do not include fees, room, board, insurance, medical expenses (including student health fees), transportation and similar personal, living or family expense.  These items will not be found on your 1098-T

You may also visit the IRS website for more information at www.irs.gov.