The 1098-T form reports the amount billed to you by DePaul University over the course of the previous calendar year. You will receive your 1098T form no later than the end of January for amounts billed to you from January 1 to December 31 of the prior year.
The purpose of the 1098-T is to help you and/or your tax advisor determine whether you are eligible for the American Opportunity Credit or the Lifetime Learning Credit established by the Taxpayer Relief Act of 1997 (TRA97).
Who is required to have a 1098-T form?
- Any student enrolled in any classes during the calendar year for which the student was charged tuition for courses which offered academic credit
- Any student enrolled in the prior calendar year who has had an adjustment or transaction made during the current calendar year
Who is not required to have a 1098-T form?
- Non-resident aliens (unless requested by the student)
- Students who receive no charges and or academic credit from the institution
- Students whose qualified tuition and related expense were covered in their entirety by scholarships and/or employee/dependent waivers
- Students whose qualified tuition and related expenses were paid entirely by a third party via formal billing arrangement with the institution
Online Access to 1098-T Forms
To obtain your form please go to 1098T.com and click "Access My Record." You will be required to log in to a secure portion of the website to access your individual 1098-T information, using your Student ID or social security number.
From your student record page you will be able to print the form by selecting "View My 1098-T Tax Form" and clicking "Print." If assistance is required accessing your record, you may go to 1098T.com, select "User Instructions" and then click "Access Your Record."
Understanding your 1098-T Form
Box 1: Payments received for qualified tuition and related expenses
- Box 1 is left blank on all DePaul University 1098-T forms. Universities may choose whether to report payments received or billed. They are not required to report both amounts. DePaul University has elected to report qualified tuition and related expenses amounts billed.
Box 2: Amounts billed for qualified tuition and related expenses
- The total amounts billed for qualified tuition and related expenses less any related reductions in charges. If an amount is provided in Box 2, then Box 1 is blank.
Box 3: Check if you have changed your reporting method for 2014
- This indicates whether DePaul University has changed its 1098-T reporting method (amounts billed or amounts paid) from the previous year. DePaul University has not changed its method of reporting, therefore this box is left blank.
Box 4: Adjustments made for a prior year
- Any adjustment made for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce the allowable education credit or deduction you may have claimed for the prior year.
Box 5: Scholarships or Grants
- Is the total of all scholarships or grants administered and processed by the eligible educational institution. The amount of scholarships or grants for the calendar year (including those not reported by the institution) may reduce the amount of any education credit or deduction you may claim for the year.
Box 6: Adjustments to Scholarships or Grants for a prior year
- Is an adjustment to scholarships or grants for a prior year. This amount may affect the amount of any allowable education credit or deduction you may have claimed for the prior year.
Box 7: Check this box if the amount in Box 1 or 2 includes amounts for an academic period beginning January - March 2015
- If this box is checked, the amount in Box 1 or 2 includes amounts that were billed for the academic period beginning January through March 2015.
Box 8: Check if at least half-time student
- This indicates if DePaul University considers you having carried at least one-half the normal full-time workload for your course study for any academic term during tax year. If you were at least a half-time student for at least one academic term during the tax year, you met one of the requirements for the American Opportunity Credit. You do not have to meet the workload requirement to qualify for the Tuition and Fees Deduction or the Lifetime Learning Credit.
Box 9: Check if a Graduate Student
- Indicates whether you are enrolled in program leading to a graduate degree, graduate level certificate or other recognized graduate-level educational credential during the tax year. If you were enrolled in a graduate program, you are not eligible for the American Opportunity Credit, but you may qualify for the Tuition and Fees Deduction or the Lifetime Learning Credit.
Box 10: Insurer contract reimb/refund
- Indicates the total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer. This box is not used by DePaul University and is left blank.
The Service Provider/Acct. No.
- This is the box in the lower left corner of the 1098-T form. We provide DePaul University's service provider help line in this box.
The Tax Relief Act of 1997 may provide you with an opportunity for tax savings through the Hope Scholarship Credit (American Opportunity Tax Credit) and the Lifetime Learning Tax Credit. These two tax credits are based on payments made for tuition and certain related educational costs. If you have questions about how to compute your education tax credit, you should consult your tax professional or refer to the IRS. DePaul University is not able to provide tax advice, but the following are links to further information on 1098-T forms and tax credits:
Nothing in the language above should be interpreted to be tax advice. If you have any questions regarding your particular tax situation, including what education-related deductions and/or credits for which you may be eligible, the university recommends you consult with a qualified tax professional.