1098-T Frequently Asked Questions

This explains why you are receiving a 1098-T and what you should do with the 1098-T.

In the following questions, “you” or “your” refers to the student.

Please note if you (or your spouse) were a nonresident alien for any part of 2018 and the nonresident alien did not elect to be treated as a resident alien, you are not eligible for the education credits.

What is the 1098-T?  The 1098-T will assist with determining what tax credit, if any, you or your parent(s) may claim on your 2018 tax return for the Hope Scholarship Credit or the Lifetime Learning Credit.

Box 2 or Box 1?  In previous years, the 1098-T included a number in Box 2 that represented your qualified tuition and related expenses (QTRE) billed during the tax year.  Due to a change under federal law, we will report the amount of QTRE you paid during the tax year in Box 1.

What should I do with the 1098-T?  If you will be listed as a dependent on your parent(s) 2018 tax return, you should give the 1098-T to your parent(s).  If you will claim yourself as a tax exemption, you should use it when you complete your own 2018 tax return.

What are eligible qualified tuition and related expenses? Eligible qualified tuition and related expenses include full-time tuition, part-time tuition, private and class music lessons, extra credit hour charges, technology fee, commencement fee, lifetime transcript fee, and Rochester clinical fee. 

What are eligible scholarships or grants? Eligible scholarships or grants include financial aid processed by Luther, not including loans, prepaid tuition, stipends, and work-study.

How can I get a copy of the 2018 transactions on my student receivable?

  1. Go to http://my.luther.edu/
  2. Log in using your user ID and Norse Key
  3. Select the Students menu
  4. Select Web Statement of Account.
  5. Change the beginning statement date to June 1, 2017 so you can view all the 2018 calendar year transactions.

What if I lose my 1098T? Access your 1098T by going to http://my.luther.edu/, logging in using your user ID and Norse Key, and selecting the Students menu. Then select View My 1098-T Information.

What if I am no longer enrolled at Luther and have forgotten my Norse Key? Contact the Luther helpdesk by calling 563.387.1000. Staff will be available to assist you between 8 a.m. and 5 p.m., Monday through Friday.

Can my parent access my 1098-T? If your parent has parent portal rights to view financial information AND you have consented to receive your form electronically, your parent can access the 1098-T.

Where can I get additional information? Ask for assistance from your tax preparer; he or she is best qualified to properly respond to your tax questions. You may also refer to IRS Publication 970, Tax Benefits for Higher Education, and Publication 520, Scholarships and Fellowships, which are available from the IRS Web site at www.irs.gov or by calling 1.800.TAX.FORM.