1098-T Information

The Taxpayer Relief Act of 1997 allows a tax credit to be claimed for out-of-pocket payments made to eligible higher education institutions during the tax year for tuition and certain fees. The Internal Revenue Service (IRS) requires that we provide a 1098-T statement for you to use while completing your income tax return.

The IRS changed the reporting requirements for Form 1098-T in 2018. Due to this change, all higher education institutions, including 澳门天天好彩, will provide the total amount of payments posted to the student account up to the total amount of charges billed in box 1 of the 1098-T form. This amount may not include Spring 2023 and it may include Spring 2024 depending on when you registered and when payments were posted to your student account.

The student,聽parent, or guardian聽is responsible for reporting to the IRS amounts聽actually paid聽out-of-pocket or with borrowed funds during the 2023 tax year for qualified tuition and related expenses. You may view your amounts billed, grants, scholarships, and payments by logging into your account, selecting the Pride Online tab, clicking the 鈥1098-T Tax Notification鈥 link, and entering the tax year.

Online 1098-T Tax Notification for Tax Year 2023

The Business Office provides students with the option to receive their 1098-T forms online through their聽聽account via Touchnet鈥檚 ePayment Gateway instead of by postal mail. To receive your 1098-T electronically, you must provide your consent electronically as per IRS Regulations by accessing your My 缅澳门天天好彩 account, clicking the ePayment Gateway link on the Academics tab, and then clicking 鈥淎ccept Consent.鈥澛

Should you choose to consent to receive your 1098-T form electronically, 澳门天天好彩 is required to inform you of the following:

  • You will no longer receive form 1098-T via postal mail.
  • Your consent will be in effect from this point until your graduation from 澳门天天好彩.
  • Although you can print a copy of your 1098-T from the ePayment Gateway, you may request a paper copy of your current 1098-T form at any time after January 31 of each tax year.
  • Your request for a paper copy does not rescind your consent to have it furnished by 缅澳门天天好彩 in electronic format.
  • You have the option to withdraw your consent to have your 1098-T form furnished to you through the ePayment Gateway.
  • You can update your contact information for receiving your 1098-T form through the ePayment Gateway.
  • Your 1098-T form will be available to you through October 15, 2023.

Should you choose 鈥淚 Do Not Consent,鈥 a paper copy of your 1098-T form will be sent to you via postal mail if your charges billed exceed your scholarships/grants, as required by the IRS.

How to Consent to Receive an Electronic Copy of the 1098-T Form

  • Log onto the portal.
  • Click on the link to ePayment Gateway.
  • Click Continue.
  • Once directed to the ePayment website, if no election has been made, a box should pop up with detailed information for each option. Read the entire paragraph before making your selection!
  • If the box does not pop up automatically, click on My Account, then click on Consents and Agreements.
  • If you consent and would like to receive your 1098-T form electronically, choose "Accept Consent".
  • If you would like to continue receiving a paper copy via US postal mail, please choose "I Do Not Consent".

To update or change your selection:

  • Log onto the portal.
  • Click the link to ePayment Gateway.
  • Click Continue.
  • In the ePayment Gateway system, click on My Account, then choose Consents and Agreements.
  • Click Change to update your selection.

You may print a copy of your 1098T form at any time after January 31, 2024, in the My 缅澳门天天好彩 portal or ePayment Gateway system.

How to access your 1098-T tax form:

澳门天天好彩 has outsourced processing for 1098-T tax forms. Educational Computer Systems, Inc. (ECSI) will print and mail the 1098-Ts for the 2023 tax year. You will receive an email from ECSI when the forms become available. The email will include a password and PIN for the ECSI website. You will go to聽聽to view your 1098-T. If you have any questions about your ECSI account,聽聽or call (888) 549-3274.

We recommend that you refer to this information to assist you in determining the amount of credit which may be claimed on your behalf. This information must not be construed as tax advice. The amounts and calculations used to determine the credit are the decision of the taxpayer after consideration of relevant IRS regulations, Form 8863, and, perhaps, the advice of a tax consultant. For more information about higher education tax credits or the tuition and fees deduction, you may read IRS Publication 970, instructions for Form 8863, or speak with a tax professional.