Methodist University partners with GDIT TRA Services to prepare and mail the annual Form 1098-T. Students may log-in or register at https://tra.vangent.com to print a copy of the Form 1098-T. Paper copies will be mailed to the address the University has on record no later than January 31, 2019. You may also call 1-800-223-0043 for assistance.
For the Tax Year 2018:
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 (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
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.
Methodist University 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.
Only U.S. Citizens are eligible to receive a Form 1098-T. International students who are enrolled in undergraduate hours will receive a Form 1042-S.