Tuition Statement Form
The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student's name, address, taxpayer identification number (TIN), enrollment and academic status. Beginning in tax year 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, taxable or not.
To View and Print 1098-T Statement Online
- Login to myOxy
- Click on the Student Services tab and locate the my eBill Channel
- Once you are on your eBill, your 1098-T is located in the Statement section
If you no longer have access to myOxy, you may access your 1098-T directly from ECSI. Look up Occidental College and input the requested information to view your statement, including prior year statements.
IRS Form 1098-T Reporting Changes for 2018
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.
Should questions arise, you should seek the counsel of an informed tax preparer or advisor. Occidental College is unable to provide you with individual tax advice.
What is the 1098-T for?
This form is informational only. It serves to alert students that they may be eligible for federal income tax education deductions or credits. 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 deduction or 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.
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.
Does every student receive a 1098-T?
No, Per IRS regulations, we are not required to provide a 1098-T to students:
- who only enrolled in courses for which no academic credit was offered
- who are not U.S. citizens or permanent residents, unless the student submits a written request
- whose qualified tuition and related expenses are paid entirely with scholarship and/or grants
How is Box 1 being determined?
Box 1 reports payments received from all sources for qualified tuition and related expenses for the calendar year. Qualified expenses include tuition, the ASOC Senate student body fee, the Diversity and Equity Board fee and the Renewable Energy & Sustainability fee.
Why don't the numbers on the 1098-T form equal the amounts I paid during the year?
The amount in Box 1 only has amounts paid for qualified tuition and related expenses (QTRE) and does not include payments received for housing, meal plans, insurance or other miscellaneous fees as these are not considered related education expenses. In addition, 1098-T forms report amounts that the student paid in a particular calendar year, and the pay date does not necessarily correspond to the dates that the classes were attended. The best and most accurate source of information about the amounts that you paid for qualified tuition and related expenses will be your student account activity within the eBill portal.
What semesters are included on my 1098-T form?
Charges are posted to your student account in July for fall semester and December for Spring semester. Box 1 of Form 1098-T reflects payments made during the calendar year for qualified tuition and related expenses and it is not based on when the classes were attended. Your account activity or eBill will show the dates payments were posted to your account. You can access your account via myOxy, Student Services tab.
I graduated in May of the current year. Do I have a 1098-T form for the current year?
Some May graduates will not be issued a Form 1098-T for the current year because there is a possibility that payments for QTRE were recorded the previous year. The current Spring semester tuition charges are generally billed and posted in December of the previous year and, therefore, would have been included on the previous year's Form 1098-T, in Box 1.