1098-T Tax Information
Available by January 31st in your Banner Self-Service Portal. Select "View 1098-T" under My Finances. Not all students receive a 1098-T tax form. You can review your account details under My Finances or email businessservices@asun.edu with any questions.
Arkansas State University-Newport is not qualified to provide legal or tax advice. The information provided may reflect recent revisions in IRS regulations. For tax advice on your specific situation, contact a tax professional.
Frequently Asked Questions
How do I file the 1098-T tax form with the IRS?
ASU Newport does not give tax advice on how to use the form. If you have such questions, please contact your tax preparer, tax adviser or the IRS. The IRS has published information about the 1098-T tax form available online.
Does the 1098-T include charges for books?
No, ASU Newport does not include amounts paid for books in Box 2 of Form 1098-T. You should consult with your tax advisor to determine if payments for books, equipment or fees should be considered when preparing your income tax returns and determining eligibility for education tax credits or deductions.
My accountant says that the university must provide me with a form 1098-T.
The IRS does not require the university to furnish a Form 1098-T in the following instances:
- Payments for courses in which no academic credit is offered, even if the student is otherwise enrolled in a degree program.
- The enrolled student is a nonresident alien.
- Students whose qualified tuition and related expenses are waived or paid entirely with grants/scholarships.
- Students for whom you do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student's employer or a governmental entity, such as the Department of Veterans Affairs or the Department of Defense.
Items Reported on the 1098-T
The items below are generally reported on the 1098-T.
- Paid Tuition
- Paid Mandatory Student Fees
- Paid Course/lab Fees
- Waivers
- Scholarships
- Grants
Items NOT Reported on the 1098-T
Payments to the items below are NOT reported on the 1098-T.
Unless noted otherwise, the IRS does not generally allow you to claim these items when calculating your allowable educational expenses and payments.
- Student Loans - If applicable, your loan provider will issue tax statements for deductible loan interest
- Room and Board Expenses
- Fines (i.e., parking, library)
- Tuition and Fees for Non-Credit Courses
- Books