Untitled

Students can access their 1098T information via their MyFSU account by completing the following:
Click on the "Academics & Services " tab
Click on "Tax Notification" under the Student Records channel
Enter in the tax year (2008) and click submit
The tax notification will show, including the tuition charges assessed and scholarships and grants applied during the 2008 tax year. "Hard Copy Mailed", located in the center of the page, will indicate if the student was eligible for the tax form. For more information, please refer to the Tax Reporting Information webpage.
Tuition Payments Statement - 1098T Form
The Tuition Payments Statement (1098T form) is mailed to all FSU students except non-resident aliens at the end of January. The 1098T 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 in 2008 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 1098T 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 2008 tax year, then Box 8 on the 1098T 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, a supply is available at the FSU, Timme Center for Student Services, CSS 101.
If you have any questions about completion of necessary
forms or qualifications for either tax credit, you should contact you tax
advisor or the Internal Revenue Service.
B A C K
|