1098-T | AUM

1098-T

1098-T IRS Tax Form Information

Reporting Method Change 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.

Depending on your income (or your family’s income, if you are a dependent), whether you were considered full 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 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.  For more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.

Auburn University At Montgomery is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.

What is the 1098-T form?
Form 1098-T (Tuition Payments Statement) is the information that colleges and universities are required to issue for the purpose of determining a student's eligibility for the American Opportunity and Lifetime Learning education tax credits. The 1098-T form can be kept with your records and does not need to be sent to the IRS with your income tax return since AUM sends your 1098-T information to the IRS.

How will I receive my 1098-T form?
There are two options to receive the 1098-T form. You can opt in to receive the 1098-T form electronically or you can have a paper copy mailed to the students' mailing address listed in Webster. If you choose to receive the 1098-T electronically, a paper copy will not be mailed.
 
How do I opt in to receive the 1098-T electronically?
You have until December 31st to opt in to receive the 1098-T form electronically for the current year. You will have the option to opt in again for the new year on April 1st. Below are the instructions to receive a paperless 1098-T form:
 

  1. Log into the MyAUM portal
  2. Click on the WebPay icon
  3. The pop up box below will appear
  4. Click "Accept Consent"


 
 

How can I view and print my 1098-T form?

  1. Log into the MyAUM portal
  2. Click on the WebPay icon
  3. Click "View" next to the 1098-T Statement
  4. If the 1098-T statement appears blank, save the blank form as a pdf file on your computer.
  5. Close out of WebPay and open the blank form you saved on your computer and the amounts should appear.

How can I view previous years 1098-T tax information?
Any 1098-T information that is not available to view in WebPay can be viewed in Webster.

  1. Log into the MyAUM portal
  2. Click on the Webster icon
  3. Click on Student Services
  4. Click on Student Account
  5. Click, Select Tax Year
  6. Enter the tax year and click submit
  7. Select Tax Notification

How do I obtain a record of my payments?

 In WebPay, click on "View Account Activity" and view transactions by each term.

The information on this page is general information.  AUM does not assist in tax preparation and cannot answer specific tax questions.  For tax specific questions, please contact the Internal Revenue Service or a qualified tax advisor for further assistance.

 


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