Tax and 1098-T Information

Tax and 1098-T Information

Tax and 1098-T Information


1098-T Forms

1098-T tax forms will be mailed to students by January 31st, unless the student has opted to receive this form electronically (by enrolling in e1098-T - see below).  It is for informational purposes and serves to alert students that they may be eligible for federal income tax education credits.

Box 1 Payments

The University provides in Box 1 of the 1098-T form payments received for qualified tuition and fees that were billed to you. IRS education credits are based on amounts paid by you, not billed to you.

IRS Form W-9S

If you have not supplied your Social Security Number (SSN) to Rowan University, please complete the IRS FORM W-9S part 1 and return it to our office for processing.

e1098-T

You can sign up to receive your 1098-T electronically (also referred to as e1098-T) by following the steps provided below. 

  • Go to Self-Service Banner.
  • Log in using your Rowan NetID and password.
  • Under the "Bursar" tab, select "ePay Center" to be directed to the secure payment site.
  • Go to “My Account” and select “Consents and Agreements”.
  • Select “Change” if you would like to consent to paperless delivery of your 1098-T form.
  • A “Paperless 1098-T Option” message will appear with an option for consent. By clicking on “Accept Consent”, students state their intent to receive their 1098-T form every year they attend Rowan University.

Once the e1098-T enrollment has been completed, students can print, e-mail, or save their 1098-T form via the ePay Center going forward. 

1098-T FAQs

Should you have questions or require more information about the 1098-T form, please click here.

 

American Opportunity & Lifetime Learning Tax Credit Information


The American Opportunity Credit takes the place of the HOPE Credit. The HOPE credit is for tax years 2008 and prior. The Lifetime Learning Tax Credit remains.

IRS Publication 970, Tax Benefits for Higher Education will assist taxpayers in determining their eligibility for the tax credits.  You may obtain this Publication from any IRS office, or download it from the Internet at irs.gov/forms_pubs/pubs/p970toc.htm.  The IRS addresses specific questions that taxpayers may have concerning their eligibility for the tax credits here.