IMPORTANT 2018 1098-T CHANGES
In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) that we billed to your student account for the calendar (tax) year. Due to a federal law reporting requirement change, as of 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.
Marquette University is unable to provide you with individual tax advice. If you have questions, contact an informed tax preparer or adviser.
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When will I receive my 1098-T?
1098-T's are available to view and print online by mid-January. The student needs to log in to CheckMarq and click or tap the link to grant consent. Once consent is granted, the student can view and print their 1098-T. Granting consent is only necessary one time; future 1098-T's will automatically be available to view and print online unless the student revokes consent.
Any eligible student who does not grant consent to view online will have a 1098-T form mailed by January 31st to their home address.
What are qualified and non-qualified expenses?
As determined by the federal government, qualified expenses are defined as amounts paid for tuition, fees and other related expense for an eligible student that are required for enrollment or attendance at an eligible educational institution.
Nonqualified expenses are defined as books, room and board, parking, athletics, insurance, equipment, transportation, or other similar personal living expenses. As a result, the amount of qualified expenses will likely be less than the total amount of money paid.
Where can a get a list of payments made to Marquette?
You may print out a statement of your account activity in CheckMarq. From CheckMarq Student Home, select the Student Account tile, then click or tap View 1098-T.
Since I received a 1098-T form, am I qualified for one of the eligible tax credits?
The taxpayer is responsible for determining eligibility.
How can I find out if am eligible for a tax benefit?
Check the IRS website, contact the IRS, or contact a tax advisor.
If you have questions about how to compute your educational tax credits, you should consult your tax professional or refer to the IRS. Marquette University cannot provide tax advice. The following links may be helpful for finding further information on 1098-T forms and tax credits: