How to View your 1098-T
To view your 1098-T Tuition Statement:
- Sign in to Connections
- Select the Student Tab
- Select the Monthly Statements and 1098-T Forms link in the Student Account Financial Services box on the right side of the page.
- Scroll down (if necessary) to the 1098-T box, and click on the highlighted word, "Most recent form:" You may use the drop down box next to Previous form(s) if you are looking for a prior year form (2009-2017).
Explanation of IRS Form 1098-T
- The IRS Form 1098-T is an information form filed with the Internal Revenue Service.
- The IRS Form 1098-T that you received reports amount of qualified tuition and related expenses (QTRE) paid during the previous calendar year.
- You, or the person who may claim you as a dependent, may be able to claim an education credit on Form 1040 for the qualified tuition and related expenses that were actually paid during the calendar year.
- There is no need to attach Form 1098-T to your tax return.
- All information and assistance that Webster University can provide to you is contained in this notice.
- There is no IRS requirement that you must claim an education credit. Claiming education tax benefits is a voluntary decision for those who may qualify.
Box 1 of Form 1098-T reports the qualified tuition and related expenses paid during the calendar year. The amount reported is the total amount of payments received less any reimbursements or refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year. Qualified tuition and related expenses are sometimes referred to as qualified education expenses, although the terms are not always interchangeable. For purposes of the Form 1098-T provided by Webster University, the following categories of charges are included or not included in qualified tuition and related expenses:
|Graduate and Undergraduate Program Tuition||Processing Fees|
|Course Lab Fees||Health Insurance Premiums|
|Music Lessons||Tuition Installment Plan Fee|
|Student Activity Fee||Room and Board Charges|
|Graduation Candidacy Fee||Housing Activity Fee|
|MBS Book Voucher Purchase||World Traveler Tickets|
|Follett Book Voucher Purchase||Money for Textbook Purchases and Fees|
|Registration Fees Paid for Non-Credit Courses|
Webster University reports Box 1 the amount of qualified tuition and related expenses that were paid during the calendar year. In general, qualified tuition and related expenses are considered to be billed in the year in which the course is held (i.e. Spring 2021 courses are reflected in 2021).
Qualified Tuition and Related Expenses Are Reduced by current year reductions in billed amounts for semesters billed during the calendar year. For example, a reduction due to withdrawal from classes. The reductions may or may not have resulted in a refund, depending on whether the billed amounts had been paid prior to the reduction.
In addition, if you participated in our study abroad program from one of our affiliated school partnerships, your tuition and fees billed directly and paid by your school are not included. You will receive a 1098-T directly from your school for these tuition and fees. You will need to contact your school to determine your eligibility for a 1098-T tax form.
The amount shown in Box 1 for the amounts paid during the calendar year for qualified tuition and related expenses may represent an amount that is different from the amount actually billed during the calendar year. Under section 25A of the Internal Revenue Code and the associated regulations, a taxpayer may claim an education tax credit only with respect to qualified tuition and related expenses actually paid during the calendar year. You may not be able to claim an education credit with respect to the entire amount billed. Please use the student account charge and payment transaction history to determine qualified tuition and related expenses that were paid during the calendar year.
Box 4 represents a reduction made to amounts billed for qualified tuition and related expenses that were reported for a prior calendar year. For example, if you received a tuition waiver for a tuition billed in Fall 2020 in calendar year 2021, Box 4 reports the decrease in billed tuition due to the waiver. The amount reported in Box 4 for adjustments to qualified tuition and related expenses may reduce any allowable education credit you may claim for the prior year. See IRS Form 8863 (PDF opens in new tab) or IRS Publication 970 (opens in new tab) for more information.
Box 5 of Form 1098-T reports the total of scholarships or grants administered and processed by the Webster University Financial Aid Office during the calendar year and payments received from third parties such as the government or your employer . For purposes of the Form 1098-T provided by Webster University, the following categories are included or not included in scholarships or grants:
|Federal and State Grants||Student loans, including Subsidized and Unsubsidized Direct Loans, PLUS and Graduate PLUS Loans, Perkins Loans, and Alternative Loans|
|Webster Scholarships and Grants||Work Study Payments|
|Donor Named Scholarships||Scholarships, grants, reimbursements or other types of sponsorships that were paid directly to you and not administered or processed by Webster University|
|Tuition Remission and Exchange|
|Graduate Assistant Scholarship|
|World Traveler Award|
|Payments received from governmental entities, including the Department of Defense, Department of Veterans Affairs, etc.|
|Payments received from your employer|
The amount of any scholarships or grants reported for the calendar year and other similar amounts not reported (because they are not administered and processed by Webster University) may reduce the amount of any allowable education credit to which you are entitled.
There are three additional information Boxes that may have a check mark in them.
Box 7 indicates, if checked, that Box 1 includes amounts for an academic period beginning in the next calendar year. For example, if you registered and paid for the upcoming Spring semester during December, this Box will be marked.
Box 8 shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at Webster University for at least one academic period during the calendar year. If this Box is marked, you meet one of the requirements for the Hope tax credit. You do not have to meet the workload requirement to qualify for the lifetime learning credit.
Box 9 shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate or other recognized graduate-level educational credential. If you are enrolled in a graduate program, you are not eligible for the American Opportunity credit, but you may qualify for the lifetime learning credit.
Attaching Form 1098-T to Your Tax Return
You are not required to attach IRS Form 1098-T to your tax return. The IRS Form 1098-T is not like the IRS Form W-2 obtained from your employer, which is required to be attached to the tax return filed with the IRS. The primary purpose of the IRS Form 1098-T is to let you know that Webster University has provided required information to the IRS to assist them in determining who may be eligible to claim an education credit.
If Your 1098-T is Incorrect
The name, Social Security Number and address on Form 1098-T were obtained from information provided to Webster University, although the address shown on Form 1098-T is irrelevant for IRS income tax filing purposes. The two most important pieces of information on the form are your name and your Social Security Number. Both your name and Social Security Number must be correct and match that reflected on your social security card. Please call the Registrar’s Office at 314-246-7450 if either of these two pieces of information are inaccurate.
Am I Eligible for an Education Credit?
Your own records should serve as the primary source of information used in determining whether, and for how much, a deduction or an education credits claimed.
Your statement activity reports payments received and processed by Webster University including:
- Direct payments by cash, check, ACH or SMART Pay Credit Card
- Payments from government agencies and employers
- Student loans, for example subsidized, unsubsidized, PLUS, Perkins and alternative loans
Payments identified above are considered eligible for an education credit, only to the extent that your qualified tuition and fee related expenses does not exceed the payments reported in Box 1. Students cannot claim an educational credit for any amount that was not paid towards qualified tuition and related expenses. However, you should not rely solely on the information provided by Webster University. This is particularly true if an employer or other non-Webster University entity has paid or reimbursed you directly for tuition costs. Your student account activity does not reflect any refunds or reimbursements paid to you by an outside entity, however these amounts must be considered in determining eligibility for the tax credits.
We recommend that you review IRS Publication 970 (PDF opens in new tab) — Tax Benefits for Education (opens in new tab), in order to gain an understanding of the available tax benefits that may effectively lower the cost of your higher education. If you have further questions, please consult with your tax advisor or contact the IRS, 800-829-1040.
Below are commonly requested links. Current Webster students can also use our Connections page for additional help.
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