Tax Information
What are education tax credits?
Various types of tax credits are available, including Lifetime Learning Credit and Hope Credit (to be renamed American Opportunity Tax Credit beginning in tax year 2009). Unfortunately, the Student Accounts office is not permitted to offer tax advice to students or parents. For information regarding your potential tax credit eligibility, please contact an income tax professional.
What is a 1098-T form?
The 1098-T form is an IRS form that is provided by the University to assist students and parents in determining whether or not they might be eligible for education tax credits.
When will I receive my 1098-T form?
1098-T forms will be electronically delivered to students by January 31st of each year. Please make sure that your name and social security number are correct on the form. Failure to provide the correct social security number that matches your legal name may result in a $100 fine.
Why didn’t I receive my 1098-T form?
If you haven’t received your 1098-T form by the 2nd day of February, it is possible that you may fall into an “exception” group for which the University is not required to provide this form. Such “exceptions” include students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships and grants, are paid entirely by a governmental entity, such as the Department of Veterans Affairs, or who are enrolled in courses for which academic credit is not offered (for example, Educational Outreach courses). If you do not fall into one of these “exception” categories, and believe that you are entitled to receive a 1098-T form, please check the MyYSU Portal to verify that a 1098-T was issued for you. Also check your current address; if you have moved and not updated your address information your 1098-T form may have been mailed to the wrong address. You may also reprint the form from this website.
Can I obtain a duplicate copy of my 1098-T form?
Yes, you can. You may view and/or print your 1098-T form (for the current or prior year) via the MyYSU Portal. If a 1098-T form does not exist on the website, it is possible that you may fall into one of several “exception” groups for which the University is not required to provide a 1098-T. These include, but are not limited to, students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships and grants or a governmental entity (such as the Department of Veterans Affairs), or who are enrolled in courses for which academic credit is not offered, such as Outreach courses.