1098-T Tax Reporting Information

Students must provide their Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) before the 1098-T process is completed to be considered for the tax form for the appropriate tax year.  The 1098-T process is ran in late January.

Students can access their 1098-T forms via their MyFSU account by completing the following:

  • Click on the "Academics & Services" tab
  • Select between the "Tax Form" links to navigate to the 1098-T you wish to see:
    • Tax Form 1098-T 2012 and Prior will function as it did previously. The next screen would ask for the tax year. The student would type in the tax year and submit to see the data. This link was previously named “Tax Notification.”
    • Tax Form 1098-T 2013 will link to ECSI, which is the 1098-T vendor, and open a new page within MyFSU.
      • Once logged into the ECSI system you can click on the "Tax Information" link under "My Account
      • The next screen will allow you to select the tax year then click on "View" to display your 1098-T form. This will have the same information as the 1098-T form that was mailed.

 

**Ineligible students will receive an error notification that states "No tax notification exists for your student account. No information will be reported to the IRS."

Tuition Payments Statement - 1098-T Form
The Tuition Payments Statement (1098-T form) are mailed to all FSU students except non-resident aliens at the end of January. The 1098-T information is also available via MyFSU for students.

Qualified and Non-Qualified Expenses
What is considered Qualified and Non-Qualified expenses?

  • Qualified Expenses - Tuition only
  • Non-Qualified Expenses - Room and board, insurances, transportation, books and equipment


Only the total amounts billed for qualified tuition qualify for the tax credits
.

Preparing Your Tax Credit
To assist you in preparing your tax credit for the Hope Credit and Lifetime Learning Credit, box 2 and box 5 on the 1098-T has been completed. Be aware there are other boxes on the form that may contain information needed to calculate your tax credit.

  • Box 2 - shows the Amounts billed for Qualified Tuition and Related Expenses
  • Box 5 - shows the Amount of Scholarships or Grants for the tax year (e.g., tax-free scholarships, federal grants and employer-provided educational assistance).


In order to claim your tax credit, you must complete the IRS 8863 tax form, entitled Educational Credits (Hope and Lifetime Learning Credits). If you were at least a half-time student at any time during the 2011 tax year, then Box 8 on the 1098-T form will be marked.

Hope Credit
For further explanation on the Hope Credit and access to Form 8863, CLICK HERE.

Lifetime Learning Credit
For details on the Lifetime Learning Credit and Form 8863 CLICK HERE.

The Education Credits (Hope and Lifetime Learning Credits) - FORM 8863 and General Instructions may be downloaded using the Portable Document Format (PDF). Special software is required to view and print PDF documents.

If you do not have the special software required to view and print the PDF documents or unable to locate the tax form 8863, you may visit the Timme Center for assistance.

If you have any questions about completion of necessary forms or qualifications for either tax credit, you should contact your tax advisor or the Internal Revenue Service.