1098-T Information

Each student’s tax liability is subject to various personal factors.  Students and parents are encouraged to seek additional information directly from the IRS or a tax adviser. Snow College cannot provide tax related advice or recommendations.

 

Frequently Asked Questions:

Can I view my 1098-T electronically?

You can access your 1098-T through you Badger Web account.

 

Why did I get a 1098-T?

The 1098-T is a tax form the College issues to report payments for education-related expenses that could be claimed when completing your taxes. You are encouraged to seek additional information directly from the IRS or your tax adviser to find out how this information may help you.

 

Why didn’t I receive a 1098-T?

Students who don't receive a 1098-T usually fall into one of the following categories:

 

I think the amounts listed are incorrect.  What should I do?

Before you assume the information reported on your form is incorrect, it will help to understand how the amounts are calculated. The 1098-T reflects all payments for qualified charges, scholarships and/or grants that applied during the tax/calendar year, not the academic year. For example, registration for Spring 2019 classes opened in Fall 2018; if you registered for Spring classes in October-December, the charges for Spring 2019 would be used to calculate your payments for qualified charges on your 2018 1098-T. The same rule applies to scholarships and grants: Financial Aid for Spring semester is often disbursed at the very end of the previous December; therefore, those funds are reported on the previous year’s 1098-T, not the 1098-T for the year in which the classes were actually attended and completed.

 

What does the information on the 1098-T mean?

  

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