Dear Students and Parents:
In previous years, your 1098-T included a figure in Box 2 that represented the qualified
tuition and related expenses (QTRE) we billed to your student account for the calendar
(tax) year. Due to a change to institutional reporting requirements under federal
law, beginning with tax year 2018 we will report in Box 1 the amount of QTRE you paid
during the year.
Depending on your income (or your family's income, if you are a dependent), whether
you were considered full-time or half-time enrolled, and the amount of your qualified
educational expenses for the year, you may be eligible for a federal education tax
credit. (You can find detailed information about claiming education tax credits in
IRS Publication 970, page 9.)
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form
8863. That is the form used for calculating the education tax credits that a taxpayer
may claim as part of your tax return.
Wilkes University is unable to provide you with individual tax advice. Should you
have questions, you should seek the counsel of an informed tax preparer or advisor.
For more information about Form 1098-T, visit: www.irs.gov