2018 1098-T Forms
We are in the process of mailing your 2018 IRS Form 1098-T. The forms are in the student’s name and mailed to the student’s home address. You can also access and print a pdf of the form through Sage. On your Student center select the “View 1098-T” link under the Finances tab. You can forward the pdf to your parent if they need the information to file the tax returns. We will not send copies to a parent unless you have listed them as a participant on your Student Account Center.
For 2018 1098T forms, Brandeis is required to report payments which posted to the student’s account during calendar year 2018 and were applied to Qualified Education Expenses in Box 1. This is a change in how we have reported 1098T data in prior years and was a change mandated by the IRS. In the past we reported the amount of qualified education expenses, not payments received.
Only Tuition and mandatory fees are considered qualified education expenses by the IRS. Room, Board, Insurance, and punitive fines or elective charges are not qualified education expenses.
Payments include: all personal and third party payments paid to the account as well as federal and private loans, 529 plan payments, monthly payment plan payments, tuition remission, and all scholarships and grants.
Scholarships and grants posted to the student’s account in calendar year 2018 must also be reported in Box 5.
Please keep in mind, the 1098T is a tool to assist you but may not display the exact figures you paid or amounts you should claim for an education tax credit. This is due to several reasons. First, due to separate regulations that govern Financial Aid; scholarships and grants cannot disburse to the student’s account until 10 days prior to the start of the semester. This means that the payment received during a calendar year may not match the year for which you are trying to file taxes.
Also, some scholarships and grants are intended for Tuition and Fees only. The required delay of financial aid disbursement means personal payments received before the financial aid disbursement date may post and report to a qualified educational expense in 2018 but may be adjusted on the 2019 1098T. Your payment in those cases would be applied to an expense that is not a qualified education expense.
Scholarships, grants and payments intended for tuition and fees only includes most graduate Scholarship/Fellowships, some based scholarships, Brandeis and outside tuition remissions, VA funds.
Brandeis staff are not tax professionals and are not allowed to give advice on how to file your taxes. We recommend you review the IRS.gov website, particularly Publication 970, or consult a tax professional.
Our office can provide details on the figures reported as needed.