1098-T FAQ
1098-T
- What is the 1098-T form?
- What are the Hope Scholarship Tax Credit and the Lifetime Learning Tax Credit?
- Where can I view my 1098-T information on OSCAR?
- Why is there nothing represented in Box 1 on my 1098-T?
- What charges are considered "qualified" or "eligible" charges?
- What charges are considered "non-qualified" charges?
- What is the timeline for the 1098-T?
- Why do my Spring semester charges not appear on my 1098-T?
- My 1098-T was mailed to the wrong address. How do I obtain a duplicate copy?
- Why was my 1098-T mailed to the wrong address?
- Do I actually submit the 1098-T with my tax return?
- I still have questions. Who can I contact?
What is the 1098-T form?
The 1098-T form, also referred to as the "Tuition Payment Statement", is mailed to the student by Georgia Tech to assist you, the taxpayer, in determining if you are eligible to claim tax credits such as the Hope Scholarship Tax Credit or the Lifetime Learning Tax Credit for educational expenses.
What are the Hope Scholarship Tax Credit and the Lifetime Learning Tax Credit?
To review information about these two Tax Credit options as a result of the Tax Relief Act of 1997, you may access IRS Publication 970, "Tax Benefits for Education".
Where can I view my 1098-T information on OSCAR?
You can view the information contained within the 1098-T through OSCAR by clicking:
- STUDENT SERVICES AND FINANCIAL AID
- STUDENT RECORDS
- TAX NOTIFICATION
Why is there nothing represented in Box 1 on my 1098-T?
Institutions of higher education have the option of reporting either payments received (Box 1) or qualified charges billed (Box 2) to the IRS.
What charges are considered "qualified" or "eligible" charges?
Eligible or qualified charges are any in-state or out-of-state tuition charges plus the following fees: athletic, recreation, student activity, technology, USG institutional and testing fees.
What charges are considered "non-qualified" charges?
Non-qualified charges include the following: books, housing, meal plan, health fee, insurance, or any transportation fees or costs.
What is the timeline for the 1098-T?
Georgia Tech will report all charges billed to the account within the calendar year (Jan. 1st-Dec. 31st).
Why do my Spring semester charges not appear on my 1098-T?
Students automatically charge their accounts by registering for classes. If you registered during early registration (typically Oct. or Nov.), you charged your account at that time, making those charges eligible to claim the previous year and should have reflected on the previous year's 1098-T.
Please note that it is oftentimes the case that if the student receives the HOPE scholarship, it will apply to the account in Jan. for the spring semester, so while the student's charges will appear on the previous year's 1098-T, the HOPE scholarship will often appear on the current 1098-T.
My 1098-T was mailed to the wrong address. How do I obtain a duplicate copy?
To obtain a duplicate 1098-T form, you may access:www.tcrs.com
Once there, click:
- STUDENT ACCESS
- ACCESS MY RECORD
Why was my 1098-T mailed to the wrong address?
1098-T forms are mailed to the student's permanent residence listed in OSCAR. If your 1098-T was mailed to the wrong address, please make sure all information in OSCAR is currently up-to-date. You can update address information in OSCAR by clicking:
- PERSONAL INFORMATION
- UPDATE ADDRESS INFORMATION
Do I actually submit the 1098-T with my tax return?
There is no requirement for the 1098-T to be attached along with your tax return. This document may be kept for your personal records.
I still have questions. Who can I contact?
Any further questions can be directed to a representative in the Bursar's Office via email at: bursar.ask@business.gatech.edu or phone @ 404-894-4618. You may also want to consider viewing the following Web sites for more detailed information:
*Georgia Tech is not authorized to offer any personal tax advice. Please address all questions and concerns regarding personal tax matters to a tax consultant/advisor or the IRS directly @ 1-800-829-1040.