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Understanding your 1098-T Tuition Statement

In January SIUE made available to you a Tuition Statement - Substitute Form 1098-T. The form can be viewed on CougarNet. Form 1098-T will also be sent to the IRS. Form 1098-T reports amounts billed for qualified tuition, fees and related charges in Box 2 and the amount of scholarships and grants administered by SIUE in the last calendar year in Box 5. Form 1098-T also reports adjustments of prior year's tuition, fees and related charges in Box 4 and adjustments of prior year's scholarship or grant amount in Box 6.

An itemized listing of transactions posted during the last calendar year (Jan. - Dec.), including payments made, is also available via CougarNet by selecting "Student Account" and then "Select Tax Year". This listing does not include every transaction that occurred on your account during the last calendar year. Charges not required for enrollment or attendance at SIUE are omitted, such as housing charges, parking fines, daycare expenses, and service charges.

Note that transactions appearing on the itemized listing are organized by term, which denotes the year and semester. For example:

201515 Spring Term 2015

201525 Summer Term 2015

201535 Fall Term 2015

201615 Spring Term 2016

Students who registered in 2015 for the Spring 2016 Term will have some or all of their qualified tuition, fees, related charges, scholarships and grants for that term reported on the 2015 Form 1098-T. Likewise, Spring 2015 Term qualified tuition, fees, related charges, scholarships and grants may not be reflected on the 2015 Form 1098-T because registration occurred prior to 2015.

Amounts reported in Box 4 are reductions in the amount of tuition, fees, and related charges reported on a prior year's Form 1098-T. Amounts reported in Box 6 are reductions in the amount of scholarships and grants reported on a prior year's Form 1098-T. Such adjustments may be from the Spring 2015 Term (201515) or prior. These amounts may reduce any allowable education credit you may claim for a prior year.

Taxpayers may claim a credit or a deduction only with respect to qualified tuition and related expenses actually paid in 2015. Payments made in 2015 for qualified tuition and related expenses for Spring Term 2015, Summer Term 2015, Fall Term 2015 and Spring Term 2016 may be used as the basis for a credit or a deduction in 2015. The amount of scholarships and grants reported, or other similar aid not reported, may reduce the amount of any allowable credit or deduction.

Click here for additional Information about Form 1098-T.

Any questions?

➢ Call the SIUE TAX LINE (618) 650-3113 or e-mail at bursar@siue.edu for questions about information appearing on your 1098-T or on the CougarNet itemized listing.

➢ SIUE is unable to help you calculate the amount of your tax credit or deduction or determine your eligibility for a tax credit or deduction. Consult a tax professional for these questions.

➢ Visit the IRS website at http://www.irs.gov/individuals/students/index.html to obtain additional information. You may also contact the IRS at 1-800-829-1040.

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