Form 1098-T Frequently Asked Questions
- What is Form 1098-T?
- What form do I use to submit my SSN(TIN) to Lehigh University?
- Why is the 1098T important to me?
- Will I get a form 1098-T from Lehigh University?
- When will I receive my form 1098-T?
- To what address will my form 1098-T be mailed?
- What happens if amounts reported on a prior year's form 1098-T were adjusted this year?
- Why is Box 2 blank?
- Where can I get additional information about the amounts listed on my form 1098-T?
- Why is the payment amount in Box 1 less than the total payments I made during the tax year?
- What is included as payments in Box 1?
- Where can I get additional information about whether I'm eligible for any tax benefits?
WHAT IS FORM 1098-T ?
Form 1098-T is a tax form the University is required to file with the IRS and each student. The form provides information that assists the taxpayer in determining their eligibility for a tax benefit from either the American Opportunity Credit or Lifetime Learning Credit.
WHAT FORM DO I USE TO SUBMIT MY SSN(TIN) TO LEHIGH UNIVERSITY?
You can use the W-9s form to submit your SSN to Lehigh University.
WILL I GET A FORM 1098-T FROM LEHIGH UNIVERSITY?
You should receive a 2019 form 1098-T if you were a student taking any course(s) for credit at Lehigh University during the semesters of Spring 2019, Summer 2019, Fall 2019 or Winter 2019, and you are a citizen or permanent resident of the United States of America. You will also receive a Form 1098-T if you were charged and paid for any Spring 2020 course(s) prior to December 31, 2019.
WHEN WILL I RECEIVE MY FORM 1098-T ?
The University will provide Form 1098-T’s by January 31st.
If you consented to receive the form electronically, you will receive an email notification when Form 1098-T is available in the eBill Suite. Otherwise, the form will be mailed to your home address.
TO WHAT ADDRESS WILL MY FORM 1098-T BE MAILED?
If you did not consent to electronic delivery, the University will mail Form 1098-T to the student at the student’s home address as listed in the University’s records as of the January date the forms are prepared.
WHAT HAPPENS IF AMOUNTS REPORTED ON A PRIOR YEAR’S FORM 1098-T WERE ADJUSTED THIS YEAR?
In general, Form 1098-T will include amounts in Box 4 (prior year adjustments to amounts billed or payments received for qualified tuition and related expenses) and Box 6 (prior year adjustments to scholarships and grants) if you had a change for any prior year 1098-T reported amounts.
WHY IS BOX 2 BLANK?
In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) Lehigh 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, Lehigh will report in Box 1 the amount of QTRE you paid during the year.
WHERE CAN I GET ADDITIONAL INFORMATION ABOUT THE AMOUNTS LISTED ON MY FORM 1098-T ?
Additional details about the calculation of the amounts on your 1098-T can be found by logging into Connect Lehigh, select "Banner" from the list of applications, then "Student Services", "Student Bursar Office Records", "1098-T Tax Notification". With the change to reporting Payments Receive, the information available on the portal has been enhanced to include a reconciliation of Box 1. For Parents wishing to view the 1098T data, your student must have granted you AR access.
You can also review ALL activity on your student account in the eBill Suite, not just the transactions included in the 1098-T calculations. Select Account Activity. From here, you can view all semesters and even download the details to excel or a PDF. Keep in mind that all 1098-T calculations are based upon transactions that occur during the tax year (Jan 1 to Dec 31), regardless of the semester. These transaction dates are included in the account activity detail.
WHY IS MY PAYMENT AMOUNT IN BOX 1 LESS THAN THE TOTAL PAYMENTS I MADE DURING THE TAX YEAR?
The amount of your payment reported in Box 1 is limited by the total amount of Qualified Tuition and Related Expenses billed during calendar year.
WHAT IS INCLUDED AS PAYMENTS IN BOX 1?
Payments in Box 1 include all your personal payments and educational loans, as well as most scholarships and grants limited by the total amount of Qualified Tuition and Related Expenses billed during the calendar year.
As in all matters related to the tax implications of education expenses, Lehigh University will be unable to advise parents and students. Lehigh University cannot determine if you are eligible for either of the credits or the amount of credit for which you may qualify. We strongly encourage you to speak with a qualified tax advisor or the IRS. The IRS offers free forms, publications and other information at each local IRS office and through the following sources:
- Telephone: 1-800-TAX-FORM
- Website: http://www.irs.gov/