Wilkes University

2018 Tax Information Announcement

Tax Information Announcement

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


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