FAQ - 1098T Student Tax Form

Bursar's Office

Menu

1098T Student Tax Form

January 24, 2019 - 2018 1098-T forms are available online through CentralPipeline as follows:

Instructions for accessing 1098T information on line: 

  1. Navigate to the CCSU CentralPipeline page at http://pipeline.ccsu.edu.
  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 option.
  5. Enter the Tax Year and click Submit.
  6. A copy of the 1098T Form will come up, as well as the date mailed and the detail of how the figures were arrived at.

IMPORTANT NOTICE REGARDING CHANGES TO THE 1098-T REPORTING METHOD FOR 2018

The Internal Revenue Service (IRS) has mandated a reporting change affecting IRS Form 1098-T.  Starting with tax year 2018, we are required to report Payments Received for Qualified Tuition and Related Expenses.  This is recorded in Box 1 of the 1098-T form and is a significant change to the prior year reporting method.  We no longer report the Qualified Tuition and Related Expenses previously recorded in Box 2.  We continue to report Prior Year Adjustments (Box 4), Grants and Scholarships (Box 5) and Adjustments to Grants and Scholarships for a Prior Year (Box 6).

Please be aware that the purpose of the 1098-T is to support any claim for educational credit.  The amount reported in Box 1 is for informational purposes and might be different than the amount you actually paid or are deemed to have paid.  To learn more, see IRS Publication 970 – Tax Benefits for Education, or consult your tax professional. 


Frequently Asked Questions

Q: Can I get a form sent to me?

A: All 1098-T forms are available for printing online through your CentralPipeline 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 “2018” 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 2018? 

A: Beginning with tax year 2018, we will report in Box 1 the amount you paid during the year that applied to Qualified Tuition and Related Fees. You may also 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 the 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 payments received in 2018 that were applied to Qualified Tuition and Related Fees billed by the University in 2018 (January 1st through December 31st only). Accident Insurance charges, 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 2018?

A: Spring term is generally billed in December, and therefore, the charges billed would have been included in the 2017 1098T form.

Q: What is reported in Box 1?

A: Payments applied to your account during 2018 (January 1 through December 31) that total up to the Qualified Tuition and Related Expenses assessed in the 2018 tax year. They include all payments from all sources, such as:

  • Individual cash, check and credit card payments
  • Payments from 529 and other investment accounts
  • Payments from 3rd parties sponsors such as UTC, VA, DCF, etc.
  • Student loans
  • Grants and scholarships

Any refunds you received or any payments made that were returned by the maker's bank are reflected as a reduction of these total payments.

Q: What is not reported in Box 1?
  • Housing Deposits
  • Scholarships/grants earmarked for charges other than Qualified Tuition and Related Expenses such as housing, meals or books
  • Tuition and fee waivers, which are reported to the IRS as a reduction to Qualified Tuition and Related Expenses
Q: What are my Qualified Tuition and Related Expenses?

A: Mandatory tuition and fee charges that posted during the 2018 tax year (January 1 through December 31) for Spring 2018 term through Spring 2019 term, will no longer appear on the 1098-T form, but are reported to the IRS.  If your Winter or Spring 2018 term charges posted in tax year 2017, they were reported in 2017 and are NOT included in 2018.  Charges for housing, meals, transportation and insurance are NOT included.

Any tuition and fee waivers you received are reported as reductions of these total charges.

Q: My records indicate I made more payments in 2018 than what is appearing in Box 1.  Why?

A: Payments recorded in Box 1 cannot exceed the total qualified charges reported in 2018. Additionally, payments made for Fall Term 2017, Winter 2017-2018 or earlier terms, are not reported, as the charges associated with these payments were reported in the 2017 or prior tax years.

Q: What is reported in Box 5?
  • Grants and scholarships
  • Payments from 3rd parties sponsors such as UTC, VA, DCF, etc.
Q: Can I review the detail behind the amounts reported on the 1098-T form including the Qualified Tuition and Related Expenses?

Students can view the detail behind these amounts from their WebCentral-Banner Web account, as follows:

Instructions for accessing 1098T information on line: 

    1. Navigate to the CCSU CentralPipeline page at http://pipeline.ccsu.edu.
    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 option.
    5. Enter the Tax Year and click Submit.
    6. A copy of the 1098T Form will come up, as well as the date mailed and the detail of how the figures were arrived at. 
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 instructions and Publication 970, or consult your tax preparer.

Q: Can I get a corrected form?

A:   It is important to note that that the purpose of the 1098-T is to support any claim for educational credit. The amount reported in Box 1 is for informational purposes and might be different than the amount you actually paid or are deemed to have paid. 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 2018 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. In order to safeguard your most vital personal information, forms cannot be emailed.

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 Credit or the Lifetime Learning Credit 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 for:
        • All payments applied towards Qualified Tuition and Related Expenses (Box 1)
        • Amounts of scholarships and grants (Box 5)
        • Adjustments to amounts reported in prior years (Box 4 and Box 6)
        • Have to indicate whether the amounts reported include amounts for terms beginning in three months of next calendar year (Box 7)
        • Students must be supplied 1098T by January 31, 2018
        • We must report above information to IRS by March 31st.
        • Don’t have to report if:
          • Student not enrolled for the calendar year being reported.
          • No reportable transactions occurred in the year being reported.
          • Student is not a citizen or permanent resident, unless the form is requested.
          • No academic credit received during reporting period.
          • Taking only non-credit courses (such as IELP).
          • Student Qualified Tuition and Related Fees are covered entirely by grants, scholarships, or waivers.
III.  Resources for the taxpayer 

10/3/18 - Change of Reporting Method for Tax Year 2018 - Box 1 Reporting Required for 2018 Tax Year

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 reporting, 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)

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 Connecticut State 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 Education Credits AOTC and LLC, visit https://www.irs.gov/credits-deductions/individuals/education-credits-aotc-llc.  


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.  


©