Form 1098-T, tuition statement, is a document used to assist in the calculation of education tax credits. Many taxpayers and even tax preparers assume because Form 1098-T is an official IRS form, that the numbers may simply be entered on a tax return without further adjustment, but Form 1098-T is not a ‘plug and play’ document. Below are some common questions regarding form 1098-T.
Educational institutions are required to report the following for each student:
Forms 1098-T are mailed by January 31. They are available online beginning January 31st and can be accessed via Workday Student > Financials Hub > Make a Payment > Ok > Tax Forms.
Only transactions posted between January 1 and December 31 of the tax year are used in the calculation. Qualified tuition and related expenses include tuition, nonresident fee, some international fees, and other required fees. Some fees that are not considered qualified tuition and related expenses are housing, meal plans, TigerCash, penalties, or fines. Please note, this is not intended to be an all-inclusive list.
Payments received as reported in Box 1 are capped at the total qualified tuition and related expenses posted during the calendar year. For example, if registration is completed in December 2024 and scholarships are posted in January 2025, the next calendar year, a student may notice that Box 5 is higher than Box 1.
There are a number of reasons why a form would not be prepared.
Only payments received for qualified tuition and related expenses are reported in Box 1. Qualified tuition and related expenses include tuition, nonresident fee, some international fees, and other required fees. Some fees that are not considered qualified tuition and related expenses are housing, meal plans, TigerCash, and penalties. Please note, this is not intended to be an all-inclusive list.
Scholarships/grants/exemptions/fellowships administered and processed by the University are included in Box 5.
If you are a student at LSU A&M, email bursar@lsu.edu with your questions.
Below is contact information for other LSU campuses:
LSU Alexandria
Meagan Chatelain
(318) 473-6491
mchatelain@lsua.edu
LSU Eunice
Jamie Funk
(337) 550-1203
jfunk@lsue.edu
LSU Continuing Education
(225) 578-2500
answers@outreach.lsu.edu