Tax Information

Changes to the 1098T process

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 paidduring the year.

 

Your IRS Form 1098-T, tuition statement is mailed out each year in January. The document may also be printed from your my.emich account. Be aware that EMU processes the 1098-T based on the calendar year (January–December). For tax-related questions, please contact your tax advisor.

Please note that the 1098-T form serves to alert you that you may be eligible for federal income tax education credits. It should not be considered as tax opinion or advice. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax credit. There is no IRS requirement that you must claim the tuition and fees deduction or an education credit. Claiming education tax benefits is a voluntary decision for those who may qualify.

Print Your 1098-T

To print your 1098-T, follow these steps:

  1. Log into my.emich.
  2. Click on the "Student" tab
  3. At the main menu, select "Student Services and Financial Aid" and then "Student Records"
  4. Click on "Select Tax Year," select the desired year and click "Submit"
  5. Select "Tax Notification" and view your 1098-T.

Sample 1098-T

A sample Form 1098-T is shown below. For additional information and filing instructions, visit the IRS's Form 1098-T, Tuition Statement webpage [PDF].

1098T Form 2018

Explanation of Form 1098-T

Box 1 - Payments Received for Qualified Tuition and Related Expenses

Shows the total payments received by an eligible educational institution in 2018 from any source for qualified tuition and related expenses less any reimbursements or refunds made during 2018 that relate to those payments received during 2018.

Box 2 - Amounts Billed for Qualified Tuition and Related Expenses

Reserved.

Box 3 -  Indicates if EMU changed its reporting method for the previous year.

Shows whether your educational institution changed its reporting method for 2018. It has changed its method of reporting if the method (payments received) used for 2018 is different than the reporting method (amounts billed) for 2017. You should be aware of this change in figuring your education credits.

Box 4 - Adjustments made for a Prior Year

Shows any adjustment made for the previous calendar year.

Box 5 - Scholarships or Grants

Shows the total of all scholarships or grants administered and processed by the eligible educational institution. The amount of scholarships or grants for the calendar year (including those not reported by the institution) may reduce the amount of the education credit you claim for the year.

Box 6 - Adjustments to Scholarships or Grants for a Prior Year

Shows adjustments to scholarships or grants for a prior year. This amount may affect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year. You may have to file an amended income tax return (Form 1040X) for the prior year.

Box 7 - Checked if the Amounts in Box 1 or 2 include Amounts for an Academic Period Beginning January - March

This box will be check if you are enrolled in courses beginning in January through March of the next calendar year.

Box 8 - Checked if at least Half-Time Student

This box will be checked if you are an undergraduate and enrolled at least half-time in the fall and winter semesters.

Box 9 - Checked if a Graduate Student

This box will be checked if you are a graduate student (enrolled in a program leading to a graduate degree or graduate-level certificate).

Box 10 - Insurance Contract Reimbursements/Refunds

Shows the total amount of reimbursements/refunds of qualified tuition and related expenses made by an insurer.

NOTE: All boxes do not need to be populated   Only the information on the front of the 1098-T is reported to the government; the information on the back is not reported and is for your information only. The dates listed on the back of the 1098-T reflect the date the semester begins.

Frequently Asked Questions

For more information, visit our Form 1098-T Frequently Asked Questions page.

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