1098-T Frequently Asked Questions

Baker College cannot give tax advice to you or your parents. You will need to contact your tax adviser regarding eligibility for credits and how to prepare your tax returns.

What is the 1098-T?

The 1098-T form is informational only.  It is designed and regulated by the IRS, which requires colleges and universities to provide the form to students as a method to assist them in determining their eligibility for the educational tax credits.  For more information regarding tax education credits, refer to IRS Publication 970: Tax Benefits for Education.  Please note that these amounts are not necessarily intended to be the amounts that you may record on your return.  To determine the amount of qualified tuition and fees paid, and the amount of scholarships and grants received, a taxpayer should use their own financial records.

When will the 1098-T be available?

The 1098-Ts are required to be available online/postmarked no later than January 31, 2023 for the reporting year 2022.

How do I get a copy of my 1098-T?

Years 2012 through the most recent reporting year of the 1098-T documents are available online to view, save, and/or print.  You can access your 1098T form(s) from the following:

        Clicking the "Make a Payment" link will redirect you to the Student Portal.

  • Select "Tax Forms"
  • Select the "View" or "Save" Icon Next to the Chosen Form Year

For more information on accessing form 1098-T you may also review the 1098-T Information article

How do I get a copy of my 1098-T when I am not enrolled at Baker College and no longer have access to the Student Portal?

If you are no longer enrolled with Baker College and cannot access your 1098-T form through an electronic method please contact OneStop at 1-833-691-7867 or submit a ticket by clicking on the "Submit a Ticket" button at the top right hand corner of this article to request a paper copy.

Do I have to send a copy of the 1098-T form in with my return?

No. Keep the form for your records. The College sends a copy of the form to the IRS, this copy is for your information.

Did Baker College send a copy of this form to the IRS?

Yes.  The college submits an electronic file to the IRS according to their due dates, which gives the institution until May 1, 2023, to file the 2022 tax year forms.

Why isn't my full social security number on the form?

Effective since the 2013 tax year, the IRS is allowing the college to truncate the social security number on the forms for students to help protect your personal information.

I think the amount on my form is wrong, what do I do? 

First, please review the information listed below regarding what should be recorded in the boxes.  If you still have questions, please contact OneStop or submit a ticket by clicking the "Submit a Ticket" button at the top right hand corner of this article.  An adviser will assist you with determining how the amounts were calculated on your 1098T form.  Please note, however that Baker College does not provide tax advice.  For assistance on what to do with the information on your 1098T, please consult a tax professional.

Why is there an amount in Box 1 & Box 2 is Blank?

Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, Baker College will report in Box 1 the amount of payments received for qualified tuition and related expenses paid during the calendar (tax year).

Box 1"Payments received for qualified tuition and related expenses"  This box reports the amounts paid for qualified tuition and related expenses (QTRE) less any reimbursements or refunds against those payments.  As defined by the IRS, QTRE are tuition and fees required for enrollment:

Box 1, most commonly includes, payments made for the following:

  • Tuition Charges (including premium rates)
  • Technology Fees

Box 1, Does Not include, payments made for the following:

  • Charges and Fees for Student Housing
  • Books/Supplies
  • Application Fees
  • Background Check Fees
  • Course Fees (non-credit)
  • Finance Charges
  • Library Fines
  • Parking Fines
  • NSF Fees

However, Box 1 may include payments that do not correspond to the class dates; possibly for a prior year (2018 or earlier) or a future term (for example, tuition for Spring 2023 may have been paid in December 2022).  

Books, supplies, and equipment are not included in Box 1 because the College does not require that you purchase these items from the College in order to attend.  You can retrieve books and supplies purchase information through Barnes & Noble (B&N), if you have an existing account in B&N.  If you do not have an account visit the Bookstore page on MyBaker for additional information.

Special Note for Tax Year 2022: Funds that were awarded and refunded to you from Emergency Funds will be excluded from this box. This includes the following awards:

  • Federal Cares Act
  • Federal Cares Assistance
  • Emergency Relief Personal
  • Federal Emergency Relief Personal
  • Federal Emergency Relief III

You can obtain detailed payment information on your student account by reviewing your Statements:

Clicking the "Make a Payment" link will redirect you to the Student Portal.

  • Select "Statements"
  • Select the "View" or "Save" Icon Next to the Chosen Statement

What does an amount is Box 4 mean?

Box 4 – "Adjustments Made for a Prior Year". These are any reimbursements or refunds of qualified tuition and related expenses (tuition adjustments/refunds) made in the calendar year 2022 that relate to payments received and reported on a 1098T for a prior year.

The amount in Box 4 may reduce any allowable education credit you claimed for a prior year.  For more information, you should contact your tax adviser or refer to IRS Publication 970: Tax Benefits for Education.

What does an amount in Box 5 mean?

Box 5 "Scholarships or Grants" This box represents the net amount of financial assistance that was applied to your student account during the calendar year.  This amount does not just include federal financial aid, but all forms of aid. This includes payments received from 3rd parties, employers, and governmental and private entities. Box 5 does not include loan funds or payments from family members.   If the college invoiced a third party that paid for your tuition, books, or other amounts, such payment is included in Box 5.

IRS regulations state that there are “no double benefits allowed”. If your tuition was paid with funding that was not taxable to you from any of the types of payers listed above, then you must reduce any educational credit by those amounts.  For more information, you should contact your tax adviser or refer to IRS Publication 970: Tax Benefits for Education.

Special Note for Tax Year 2022: Funds that were awarded and refunded to you from Emergency Funds will be excluded from this box. This includes the following awards:

  • Federal Cares Act
  • Federal Cares Assistance
  • Emergency Relief Personal
  • Federal Emergency Relief Personal
  • Federal Emergency Relief III

Why is the amount in Box 5 greater than Box 1?

The "Scholarships or Grants" amount may include funding that was used to pay for expenses or costs that are not included in the Box 1 amounts.  For example, you could be receiving third party funding that covers your tuition, books, fees, etc.; yet Box 1 can only report payments received for tuition and related expenses (which excludes books), while Box 5 includes all scholarships and grants payments for the year.  Another example may be that you received a refund of excess scholarship or grant funding, which is calculated out of the total amounts paid toward QTRE in Box 1; however, it is not removed from the total amount reported in Box 5.

What does an amount in Box 6 mean?

Box 6"Adjustments to Scholarships or Grants for a Prior Year". This is a decrease/reduction in scholarships or grants reported for a prior year.  For example, a reduction to a scholarship or grant that originally paid for Fall 2021 semester that is processed in 2022.

What does a check in Box 7 mean?

Box 7 – "Checkbox for Amount for an Academic Period Beginning in January Through March of 2023"  This will be checked if you made payments in the calendar year 2022 for tuition and related expenses for semesters that begin in January through March of the 2023 calendar year. For example, a payment of tuition for Spring 2023 semester made in December 2022.  

What does a check in Box 8 mean?

Box 8 – "Half-Time Student" This will be checked if you are enrolled at least half-time during at least one academic period that began in 2022.

What does a check in Box 9 mean?

Box 9 – "Graduate Student"  This will be checked if you were enrolled in a program or programs leading to a graduate-level degree, graduate-level certificate, or other recognized graduate-level educational credential during the calendar year.

Where are the boxes located on the 1098-T Form?

Below is a blank sample of the 2022 Form 1098-T for your general reference.  For more information about Form 1098-T, visit https://www.irs.gov/forms-pubs/about-form-1098-t

                  

Submit a Ticket

Details

Article ID: 90017
Created
Tue 10/22/19 12:28 PM
Modified
Mon 8/15/22 6:13 PM

Related Articles (4)

Information on the terms associated with the delivery of tax form 1098-T.
Electronic communications policy at Baker College.
Instructions for updating your social security number (SSN) or individual taxpayer identification number (ITIN) with Baker College.
Guide for Students to Navigate the 1098T Functionality on the Student Billing Portal

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Submit questions about the tax form 1098-T.