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1098T Student Tax Form

January 23, 2018 - Tax year 2017 1098T Forms are now available electronically. See instructions below to access form online through Web-Central-Banner Web.

11/17/16 IMPORTANT NOTICE:

1098-T Box 1 Reporting Will Not be Required Until 2018 Tax Year

The Internal Revenue Service has announced that it is extending for an additional year the implementation of the recently enacted requirement for colleges and universities to report amounts paid for qualified tuition and expenses in Box 1 of the Form 1098-T.

According to Announcement 2016-42, the IRS will not penalize institutions for reporting the aggregate amounts billed for qualified tuition and related expenses on the 2017 Form 1098-T (Box 2) instead of the aggregate amount of payments received (Box 1) as required by the Protecting Americans from Tax Hikes Act of 2015, enacted late last year. In May, the IRS had announced a one-year delay allowing schools to continue reporting amounts billed for 2016 forms.

This IRS announcement clarifies that through tax year 2017 (forms filed in early 2018), institutions will continue to have the option of reporting either amounts paid (Box 1) or amounts billed (Box 2) for qualified tuition and related expenses.  

Frequently Asked Questions

Q: Can I get another form sent to me?

A: Duplicate forms are available for printing online through your Central Pipeline Account:

Instructions for accessing 1098T information on line:

  1. Navigate to the CCSU home page at www.ccsu.edu. Point to CentralPipeline, then click on CentralPipeline for Students (or click on Current Students).
  2. From the CentralPipeline home page, click on the WebCentral-Banner Web link and log in with your BlueNet account username and password.
  3. Select the “Student” tab.
  4. Select the "Tax Notification / 1098T" option
  5. Enter the "Tax Year" as “2017” and click “Submit”.
  6. A copy of the 1098T Form will come up, as well the detail of how the figures were arrived at.
Q: How much did I pay in 2017? 

A: At this time, we don’t track how much you paid as we are only required to account for how much we billed for qualified Tuition and Fees in the calendar year 2017. Please see Box # 2 on the 1098T forms. You will need to consult your own records for payment information but may find it helpful to pull your Account Activity from WebCentral/Banner Web:

  1. Navigate to the CCSU home page at www.ccsu.edu. Point to CentralPipeline, then click on CentralPipeline for Students (or click on Current Students).
  2. From the CentralPipeline home page, click on the WebCentral-Banner Web link and log in with your BlueNet account username and password.
  3. From the Home tab, click on the eBill/Make Payment link.
  4. Under Student Account, click on the View Activity button for most current information.
  5. To view a printable copy of your bill, click on My Account, then Statements. Select the statement needed from the drop-down menu and click on the View button.
Q: How do you come up with that figure? 

A: We account for all qualified expenses billed by the University in 2017 (January 1st through December 31st only). Accident Insurance charges, Sickness Insurance, Transportation Fees, Room & Board are NOT considered to be qualified expenses as per the IRS.

Q: Why didn’t the form include what I paid for Spring 2017?

A: Spring term is generally billed in December, and therefore, would have been included in the 2016 1098T form.

Q: How do I get the deduction on my income tax?

A: We are not qualified to give tax preparation advice. Please see IRS Form 8863 and Publication 970, or consult your tax preparer. 

Q: Can I get a corrected form?

A:   If you feel there is a discrepancy, file your IRS forms with the information you determine to be correct.

Q: What are boxes 4 and 6?

A: These are reductions made in 2017 to amounts previously reported to the IRS.

Q: Can I get a paper form mailed out?

A: Forms are available for printing online through your Central Pipeline Account (see above). If you'd rather get a printed copy mailed to your home address of record, please send your request in writing to the Bursar's Office at billing-bursar@ccsu.edu. Please allow 7-10 days for processing and mailing.

 

Other Pertinent Information:

I. Overview of the tax credit
  • A student (or the taxpayer who claims him as a dependent) may claim a tax credit for the amount paid for qualified educational expenses during a year
  • American Opportunity or Lifetime Learning Tax Credits provided in the Taxpayer Relief Act of 1997 (TRA 97) and The American Recovery and Reinvestment Act of 2009 (ARRA)
  • Income limitations apply
  • Student must be US citizen or resident alien
II. Overview of IRS regulations
  • Have to report if at least a half-time student at any time during the year
  • Have to report if a graduate student at any time during the year
  • Have to report dollar amounts charged for:
    • Amounts billed for qualified expenses OR amounts paid for qualified expenses (CCSU chooses to report amounts billed)
    • Amounts of scholarships and grants
    • Changes to amounts reported in prior years
    • Have to indicate whether the amounts reported include amounts for terms beginning in three months of next calendar year – “future indicator”
    • Students must be supplied 1098T by January 31, 2017
    • We must report above information to IRS by mid-March
    • Don’t have to report if
      • Not a citizen or permanent resident – created 1098T anyway because we have to provide if requested.
      • No academic credit received during reporting period
      • Taking only non-credit courses (such as IELP) 
III.  What we did
  • Built rules based on Qualified Tuition and Fees charges within calendar year 2017 (January 1, 2017 through December 31, 2017 effective dates)
  • IRS reporting – will send file to IRS by mid-March
IV.  Resources for the taxpayer 
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