The IRS 2023 Form 1098-T is issued for each student enrolled and for whom a reportable transaction is made.
The IRS Form 1098-T is an information form filed with the Internal Revenue Service and reports the qualified tuition and related expenses during the 2023 calendar year.
Students, or the person who may be claiming the student as a dependent, may be able to take either the tuition and fees deduction or claim an education credit on Form 1040 or 1040A for the qualified tuition and related expenses that were actually paid during the calendar year.
There is NO IRS requirement that students must claim the tuition and fees deduction or an education credit. Claiming an education tax benefit is a voluntary decision for those who may qualify. The primary purpose of the IRS Form 1098-T is to let students know that Northwest Missouri State University has provided required information to the IRS to assist in determining who may be eligible to claim the tuition and fee deduction or an education credit.
For questions regarding IRS Form 1098-T, please contact the IRS or a tax consultant for further information. IRS Publication 970 on Tax Benefits for Education provides additional information on education credits and deductions.
Disclaimer
Northwest Missouri State University is unable to provide individual tax advice and recommends that you seek a tax professional for tax-related questions. It is the responsibility of the taxpayer to determine eligibility for educational tax benefits and how to calculate them.
When is the form sent?
A hard copy will be post-marked and mailed by January 31. An electronic copy is available in CatPAWS, under the Account tab, Tax Notification.
Who receives a Form 1098-T?
Students who are a U.S. citizen or permanent resident whose enrollment credits are leading to a post-secondary degree will receive a completed 1098-T from Northwest Missouri State University.
Amounts Paid for Qualified Tuition and Related Expenses
Box 1 of Form 1098-T reports the qualified tuition and related expenses paid during the calendar year. For purposes of the Form 1098-T provided by Northwest Missouri State University, the following categories of charges are included or not included in qualified tuition and related expenses:
Qualified Tuition & Fees Included
Resident and Non Resident Tuition
Designated Fees*
Graduate General Fee
Web Course Delivery Fees
Blended Course Fees
Textbook Fee
Technology Fee
Accreditation Fees
Course Fees
KC Facility
*Designated fees are calculated at 89%. Does not include the Health and Wellness Fee.
Not Included
Health and Wellness Fee
New Student Fee
Late Charges
Finance Charges
Payment Plan Enrollment Fees
Health Insurance Premiums
Room and Board Charges
Course Related Books and Equipment
Registration Fees for Non-Credit Courses
Parking Permit and Fines
PC Theft/Destruction Charges
Media Usage Fees
Athletic and Performing Arts Tickets
Printing/Copying Charges
Graduation Completion Fee
Student Material Charges
Experiential Learning Fee
Box 2 – Reserved
Box 3 – Reserved
Box 4 of Form 1098-T reports adjustments made to qualified tuition and related expenses reported on a prior year 1098-T in Box 2. The amount reported in Box 4 represents a reduction in tuition and fees billed during a prior calendar year. For example, if a student paid Spring semester classes in December and withdrew from classes in January which resulted in a refund, Box 4 reports the decrease in paid tuition due to the withdrawal. The amount reported in Box 4 for adjustments to qualified tuition and related expenses may reduce any allowable education credit a student may claim for the prior year. See IRS Form 8863 or IRS Publication 970 for more information.
Box 5 of Form 1098-T reports the total of scholarships or grants.
Box 6 of Form 1098-T reports adjustment made to scholarships or grants reported on a prior year Form 1098-T in Box 5. The amount reported in Box 6 for adjustments to scholarships or grants may affect the amount of any allowable tuition and fees deduction or education credit a student may claim for the prior year. See IRS Form 8863 or IRS Publication 970 for more information.
Box 7, if checked, indicates that Box 1 includes amounts for an academic period beginning for the next calendar year. For example, if a student was billed in December 2022 for a course beginning in January 2023, this box will be marked if there was a payment in December for those charges.
Box 8, if checked, shows whether a student is considered to have been carrying at least one-half the normal full-time workload for a course of study at Northwest Missouri State University for at least one academic year period during the calendar year.
Box 9, if checked, indicates whether a student is considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential.
If you have questions regarding your 1098-T, please email bursar@smcun.com.
Tax Credit Links
The federal tax code, administered by the Internal Revenue Service (IRS) has provided for a number of education tax benefits. Full information on these tax benefits may be found inIRS Publication 970.
