In 1997, Congress passed the Tax Payer Relief Act, which included provisions for the Hope Scholarship Credit and the Lifetime Learning Credit. The Hope Scholarship Credit has been expanded and renamed The American Opportunity Tax Credit. Both credits allow certain taxpayers who have incurred qualified expenses for higher education to take a credit against their federal income tax liability. The 1098-T is an information return. The following is general information only and should not be taken as tax advice. Whether you may take advantage of these tax credits depends upon your individual facts and circumstances. The amounts and calculations used to determine any credit are the responsibility of the taxpayer and the taxpayer's personal financial records serve as the official supporting documentation for any such credit. LSU at Alexandria cannot provide tax advice, so you may want to consult with a tax professional to find out more about the credits and your eligibility. See IRS Publication 970 for additional information.
The IRS requires the 1098-T tax form to be postmarked by January 31st of the following calendar year. This form is mailed to the student's current address on file. Address changes can be made at myLSUA, Self Service, My Profile.
LSUA is only required to send 1098-T forms to students whose qualified tuition and related expenses are greater than the students' scholarships, grants and waivers. Please refer to IRS instructions for Form 1098E and 1098T page 2 under exceptions at https://www.irs.gov/pub/irs-pdf/i1098et_17.pdf
As an example:
Student A has qualified tuition and fees of $5,350 (Box 2) and scholarships, waivers and grants of $6,645 (Box 5) for calendar year 2013. Student A will not receive a 1098-T form from the University.
Student B has qualified tuition and fees of $5,350 (Box 2) and scholarships, waivers and grants of $4200 (Box 5) for calendar year 2013. Student B will receive a 1098-T form from the University.
The address that the University has on file as of 12/31/13 is not your current address.Students can update their address at my.LSUA, Self Service, My Profile.
Qualified tuition and related expenses are tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution.
Please refer to IRS instructions for Forms 1098E and 1098T page 3 under qualified tuition and related expenses at https://www.irs.gov/pub/irs-pdf/i1098et_17.pdf
LSUA reports qualified tuition and related expenses by amounts billed during the calendar year. If you registered for your Spring courses prior to January, they will be included in your current 1098-T. If you registered for your Spring courses in January, they will be included on your next year’s 1098-T. Students whose scholarships, grants, or waiver amount exceeds their tuition and related expenses amount will not be reported. Accounting Services has no control as to when scholarships, grants, and waivers are entered to the students' accounts. The amounts in each box do not necessarily relate to a term or semester. They are determined by the date they appear on the student's account.
Note: Please be advised that LSUA is prohibited from providing legal, tax, or accounting advice to students and we are not responsible for any use you make of this information.