1098-T Information

Although Texas Wesleyan University provides the information that appears on your 1098-T form, our staff is not qualified to answer any tax-related questions or give tax advice. You are encouraged to contact your individual tax preparer or the Internal Revenue Service (IRS).

1098-T statements will be available on Ramlink on Jan. 31, 2014 and will not be mailed.

To view and download your 1098-T on Ramlink:   

• Click on the view my 1098-T Form
• View your 1098-T form in .PDF format and print if desired  
• Student financial statement also available on Ramlink

Ramlink Access:

• If you have forgotten your access to Ramlink: 
• Go to the IT website for instructions on resetting your ID and/or password to access Ramlink.
• Even if you graduated in 2012, you should still have access to Ramlink. Amounts included in Box 2.
• You can now download your own statement from Ramlink- called Student Financial Statement Click on Ramlink to go with your 1098-T

 Amounts billed for qualified tuition and related expenses:

• Please note Box 2 on the 1098-T form shows the total amounts BILLED for qualified tuition and related expenses for the reported tax year (total amount “BILLED” not payments received). If Box 7 on the 1098-T form is checked, the amount in Box 2 includes amounts for an academic period beginning in January – March of the following tax year and may not be eligible for a deduction. See Publication 970 for guidance on how to report these amounts. To assist you in determining your qualified educational expenses, the detail of the totals reported on your 1098-T is printed on the reverse side of the form.   
• 1098-T’s are based on the calendar year Jan. 1, 2013 through Dec. 31,2013.

 Amounts included in Box 5 , “Scholarship and grants”:   

• This represents the total of all scholarships or grants received and processed for the calendar year.
• Amounts of scholarships reported on your 1098-T are for determining eligibility for the Hope credit and lifetime learning credit only, NOT for determining taxability of such scholarships. Your scholarships may or may not be taxable, refer to IRS Publication 970.

 Why doesn't my 1098-T match what I paid/received?   

• This is the most common misunderstanding each year. For 1098-T purposes reports qualified transactions in the calendar year when amounts were billed and not when amounts were paid, received or posted. For example, undergraduate students were billed during the Fall semester 2012 (usually around mid-December) for classes being taken during the Spring semester 2013, so those amounts are included on your 2012 1098-T even though the actual payment may have been made or applied or posted during 2013. 
• Amounts of qualified tuition and required fees reported on your 1098-T are defined by the IRS as "tuition and fees required for enrollment or attendance at an eligible educational institution". The IRS does not consider student health fees, transportation fees, recreational sports fees, insurance fees, or room and board of any kind* as qualified tuition and related fees, therefore, these fees are excluded from amounts reported on the 1098-T. 
• If you are a full time student, the box will be checked that says "At least half time".  There is not a box for full time student.
• Visit http://www.irs.gov/pub/irs-pdf/p970.pdf for details on determining the taxability of different types of scholarships.