1098-T Tax Documents
1098-T Tax Documents
Under the Taxpayer Relief Act of 1997, certain tax benefits may be available to students who have incurred qualified expenses for higher education. The 1098-T form will state the tuition payments billed and the grants or scholarships posted to your student account from January 1 to December 31 of the previous academic period. Saint Peter’s University will mail the 1098-T form annually by January 31 to the address listed on file. If you wish to change your address, complete a Change of Information Form and submit it to Enrollment Services no later than January 3. Please note because of a change in statute, beginning in January 2019, colleges and universities will no longer be able to report amounts billed for qualified tuition and related expenses (QTRE) in Box 2 of their 2018 Forms 1098-T. Instead, institutions will be required to report payments of QTRE in Box 1.
To view your 1098-T forms in electronic format log in to SPIRIT Online (View my 1098-T forms). You can also have the option to receive the 1098-T in electronic form version only by selecting this consent option using SPIRIT Online 1098 Electronic Consent tab.
The Federal government requires that the University must have the social security or Tax Identification Number information to issue a 1098-T form. If we do not have this information on file complete and submit the IRS Form W-9S to Enrollment Services no later than January 3.
Frequently Asked Questions
I did not receive my 1098-T or I misplaced it. Can I get another copy?
You can print an electronic version of 1098-T using Spirit Online or you can contact Enrollment Services at (201) 761-6050.
Why didn’t I qualify to receive a 1098-T?
The 1098-T is only for activity bill payments from the previous calendar year from January 1 to December 31. For example, if you registered for the spring 2013 the billed and paid amount appears in December 2012 therefore the amounts will be in your 2012 1098-T form.
Can Saint Peter’s University help me with tax advice?
We are not qualified to assist you with tax advice. For further tax advice and assistance in determining how to report this information on your tax return, please refer to IRS Publication 970 or consult a licensed tax preparer.