The American Opportunity and Lifetime Learning Tax Credits

2017 1098-T forms were posted to GullNet Thursday, January 18, 2018, for all students who were enrolled at Salisbury University in 2017.  For students who did not opt to receive the form electronically, forms were printed and mailed to the student's billing address the week of January 22, 2018.  For more information on how to access or obtain a form, please visit Obtaining a 1098-T Tuition Statement.

Paper forms were printed and mailed to all students who graduated in 2017.

Purpose

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 Hope Scholarship tax credit.

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 GullNet account.

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.