The University of Redlands will make Form 1098-T available to students who were enrolled and made a reportable transaction during the calendar year. Redlands only issues Form 1098-T to the following:
Depending on your income (or your family’s income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
The University of Redlands is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.
In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we report in Box 1 the amount of QTRE that was paid during the year.
Box 1 includes the total amount of payments received for qualified tuition and related expenses (QTRE) from all sources during the calendar year, less any reimbursements or refunds made during the calendar year. This includes, but is not limited to, student payments, payments made by family or relatives, 3rd party payments, scholarships, grants, loans, distributions from a 529 savings plan, and employer benefits.
While Box 1 includes the total amount of payments received for qualified tuition and related expenses (QTRE) from all sources during the calendar year, it is limited by the amount of QTRE we billed to your student account for the calendar year. For example, if you made a payment of $2,000, received a grant for another $2,000, but were only charged $3,000 for tuition, the amount in Box 1 will be $3,000 even though $4,000 of payments were made.
The University of Redlands is required to report only transactions that occur within the calendar year and cannot modify the reporting method under any circumstances. Please seek the counsel of an informed tax preparer or adviser to see if it may be beneficial to utilize your personal records and student account statements to compliment the data reported on Form 1098-T. Should you require any additional documentation, please contact Student Financial Services.
Remember, Box 1 is limited by the amount of qualified tuition and related expenses (QTRE) billed during the calendar year. QTRE are tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution. The following are not QTRE:
Yes. The total amount of scholarships and grants is reported in Box 5. However, scholarships and grants also qualify as payments received and are therefore reported in Box 1 as well.
The University of Redlands reports the following student information to the IRS:
We are required by the IRS to request your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) annually if it is not recorded on your student account. IRS Form W-9S is available at http://www.irs.gov/pub/irs-pdf/fw9s.pdf. Complete the following fields in the top section (Part 1) of IRS Form W-9S (please print):
Please return the form to Student Financial Services:
University of Redlands
1200 E Colton Ave
Redlands, CA 92373
Form 1098-T will be distributed to all eligible students by January 31 following the end of the most recent tax year.
Your 1098-T form will be mailed to you on or before January 31 following the end of the most recent tax year. To retrieve your 1098-T electronically:
There are two reasons you may be unable to see your student's 1098-T.