1098-T Information

What is a 1098-T?
IRS Form 1098-T is a Tuition Statement issued to students and to the IRS during January of each year. It is to be used by federal tax filers to determine eligibility for Hope and Lifetime Learning tax credits.

What are these credits?
The credits are explained in IRS Publication 970, "Tax Benefits for Higher Education" at: http://www.irs.gov/pub/irs-pdf/p970.pdf. For information on filing for the credits, please see: IRS Form 8863, "Education Credits (Hope and Lifetime Learning Credits)" at: http://www.irs.gov/pub/irs-pdf/f8863.pdf. Instructions for completing this form are included.

I received a 1098-T from Otterbein; does that mean I am eligible for the credit?
Not necessarily. Receipt of a 1098-T does not mean that you are eligible for the credit. There are many restrictions associated with the tax credits. You should review IRS forms, instructions and publications for guidance and consult your tax advisor.

I did not receive a 1098-T; why not?
Certain students do not receive 1098-T forms. In accordance with IRS regulations, Otterbein has elected not to issue you a 1098-T if your scholarships and grants equal or exceed your tuition and related charges, if you are a non-resident alien, or if you are not enrolled for credit during the reporting period.

Where was my 1098-T sent?
Your 1098-T form was sent to your permanent address.

Can I see my 1098-T on the web?
You can view the information contained on your 1098-T by logging on to your account on CardinalWeb for Students and selecting "IRS Form 1098-T Information."

Can you explain more about what is on my 1098-T?
More detailed information about your 1098-T is available here (pdf file).

If you have additional questions, contact the Business Office at 1098TTaxInfo@otterbein.edu.