Opportunity and Lifetime Learning Tax Credits
2014 1098-T tuition
statements have been generated and posted to GullNet.
Paper forms are being printed on Wednesday, January 28, 2015,
and will be mailed to the student's billing address.
Please allow 7 business days to receive the form via USPS.
The American Opportunity and Life Time Learning tax
credits were created by the Taxpayer Relief Act of 1997
to help offset the costs of higher education. To
claim the credit, a taxpayer and student must meet
eligibility requirements, and Form 8863 must be filed
with the taxpayer's federal income tax return.
The American Opportunity Credit was added to the
Taxpayer Relief Act in 2011, and for most students,
replaces the the American Opportunity.
IRS Form 1098-T
At the end of each calendar year, the University
prints and mails to each student the IRS form 1098-T.
This is the form used to provide tax credit related
information to the student. The same information
is sent to the IRS via magnetic media.
For more information on the amounts reported in these boxes, please
visit the Amounts Reported on Form 1098-T.
Students may obtain detailed account information used to compute the
amounts reported in the 1098-T boxes via their
2012 and prior years'
is now available electronically via GullNet. Students must consent
to receive the information electronically before the 2010 data
will appear on the account. Data has been loaded for previous
years' 1098-T forms for 2003-2008, although detail lines are not
If you believe the information on the
1098-T form is incorrect, contact
Financial Services by email at
by calling 410-677-5023. Please note that because
we anticipate a large number of calls, you will get a voice mail message
asking that you leave your name, contact phone number
or email, the student's name, and
student identification number.
A staff member will contact you
as soon as possible.
The Buckley Amendment, effective November 1974, prohibits the
University from releasing student information to anyone other than the
student. Electronic authorization via a
FERPA release completed on GullNet, or written authorization from the student must be
provided for other interested parties. Written authorization can
be emailed to
1098T@salisbury.edu or mailed to:
ATTN: Hope/Life Time
P.O. Box 2195
Salisbury, MD 21802-2195
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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