Amounts Reported on the 1098-T
Detailed Information for Amounts Reported
Students can access their
Gullnet account to obtain a detailed listing of all
amounts billed for each academic semester. Only
2014 academic semesters are included in the amounts
reported on the 2014 1098-T.
Information Included in 1098-T
The University is required to provide student
information to the student and to the IRS related to the
tax credits. We report the following information:
Social Security Number
All amounts reported on this form are reported as
positive amounts. Each box is designated for
certain information per IRS regulations so that all
amounts, even refunds, are reported positively.
Box 1: Not used as Salisbury University reports
amounts billed, see box 2.
Amounts Billed for Qualified Tuition and Related Expenses.
This includes all tuition and mandatory fees. Room and board is
NOT a qualified expense. For example, a full time in state student
will be billed $15,400.00 for tuition and mandatory fees for 2013.
Specific mandatory course fees are also included in this box.
Examples of these types of fees are the $15.00 art materials fee charged
for most base level art courses, and the $25.00 laboratory materials fee
charged for base level science courses. Tuition waivers, such as
those granted graduate assistants, reduce the amount of tuition billed
reported in this box.
Institutions are required to report either amounts paid for qualified
tuition and fees or amounts billed for qualified tuition and fees.
If an institution decides to switch from one to the other reporting
method, this box will be checked.
Tuition reductions and refunds issued in 2013
for tuition paid in a previous tax year. Only
amounts paid in previous years
(and therefore reported in Box 2 of that
year's form) and refunded in 2013 will appear in this box.
Box 5: Net Grants and Scholarships received in 2013.
Examples of scholarship amounts that will appear in this box are Pell
and other Federal grants, State grants and scholarships and Salisbury
University Fund grants. Loan amounts are not reported on any
box on the form and are not used to compute the amount of tax credit.
Reductions to Grants and Scholarships received in the previous tax year.
Only grants and scholarships received in previous
years (and therefore reported in
Box 4 of that year's 1098-T) and then revoked/cancelled in 2013 will appear
in this box.
Box 7: Used to indicate the amounts in
boxes 1 or 2 include amounts for academic periods from
January to March of 2013.
Salisbury University does not include these amounts on
the 2013 form.
Box 8: Half-time student status
Box 9: Graduate student status
Box 10: Insurance contract reimbursement
Service Provider/Account Number:
The student's SU id number.
Salisbury University is providing this information as a service to its
students, but please keep in mind it is not an authority on taxation.
Therefore, the University is not responsible for any misrepresentation
of the IRS regulations. You should consult a tax advisor to determine if
you qualify for the credit or for any other related questions.
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