1098T FAQs What is the 1098-T Tuitin Statement? The 1098-T Tuitin Statement is an infrmatinal frm filed with the IRS that assists students and their families in calculating educatinal tax benefits utlined in IRS Publicatin 970. Nte that any students whse qualified tuitin and related charges are entirely waived r paid entirely with schlarships (including stipends) will nt be issued a Frm 1098-T fr 2017. An explanatin f each bx is als printed n the back f the 1098-T Tuitin Statement. What is included in Bx 2 f the 1098-T Tuitin Statement? Bx 2 f the 1098-T Tuitin Statement cnsists f qualified charges fr educatinal expenses, including tuitin, curse fees, registratin fees, and matriculatin fees. Qualified charges d nt include insurance, medical expenses, rm and bard, late penalties, transprtatin, and/r persnal living expenses. What is included in Bx 5 f the 1098-T Tuitin Statement? Bx 5 f the 1098-T Tuitin Statement cnsists f schlarships and grants that a student receives during the calendar year. These schlarships and grants culd be called tuitin awards, tuitin fellwships, schlarships, grants, third party spnsrships, stipend payments, stipend fellwships, stipend schlarships, r similar such terms. Nte: starting with the 2016 tax year (and each year ging frward), stipend payment infrmatin disbursed t the student in the calendar year will nw be included in Bx 5 f the 1098-T Tuitin Statement. Als, third party spnsrships are mving frm being reprted in Bx 2 t being reprted in Bx 5. Hw d I get the details fr the amunt in Bx 5? Lg int GWEB Select Student Recrds and Registratin
Select Student Accunts Menu Select Tax Ntificatin
Enter the applicable tax year (e.g. 2017) Scrll dwn t view the cmpnents f each applicable bx
Des the stipend payment infrmatin shwn in GWEB r Student ebill mean that I received r will receive an additinal stipend payment? N. The stipend payment infrmatin shwn in GWEB r Student ebill reflects a summary f the stipends yu received in tax year 2017. It is being added t yur student accunt as f 12/31/17. Why desn t the Bx 5 amunt n my 1098-T match my award letter? Awards may crss tax years since they typically fllw the academic year. The 1098-T is an IRS frm that is cmpleted fr a tax year, running frm January 1 thrugh December 31. Therefre, the amunt n the 1098-T Bx 5 represents the amunt paid within a calendar year, nt what was paid within an academic year. Bx 5 may als include ther schlarships.
Hw d I receive the 1098-T Tuitin Statement? Yu have tw ptins fr receiving yur 1098-T Tuitin Statement: 1) nline and 2) by mail. T receive the 1098-T Tuitin Statement nline, yu need t pt in t receive yur 1098-T electrnically. If yu wuld like t receive yur 1098-T Tuitin Statement electrnically (and haven t already dne s), please take the fllwing steps: Lgin t the GWeb Infrmatin System Select the Student Recrds and Registratin menu Select Student Accunts Select Student Authrizatins Nte: The Student Authrizatins als includes the pprtunity t prvide cnsent t allw GW t cntact yu via yur cell phne fr business purpses and t the select the apprpriate ptin related t yur Title IV authrizatins. These electins are cmpletely vluntary, are nt a cnditin f admissin r attendance, and will remain in effect unless r until updated by the student. The electins may be changed at any time via GWeb r by prviding written advice via email t sabilling@gwu.edu. Changes in yur electins will nt be retractive. Please review each item carefully befre yu select yur respnses. Yu d nt need t click the Submit Survey buttn t submit yur respnses, nly navigate t the next questin. If yu click the Submit Survey buttn yu will nt be able t make additinal changes via GWeb until the fllwing day. Yu can als change yur authrizatins by sending an email t sabilling@gwu.edu. When d I receive the 1098-T Tuitin Statement? The 1098-T Tuitin Statement is available nline arund January 31. The 1098- T Tuitin Statement is mailed annually by January 31 and shuld be received shrtly thereafter. Where d I g fr additinal help? Fr help n the 1098-T Tuitin Statement Cntact ECSI, GW s service prvider fr the Tuitin Statement, at 1-866- 428-1098. As a reminder, neither ECSI nr GW can prvide an explanatin f the requirements fr (and hw t calculate) any educatin credit that yu may claim. Please cnsult yur wn tax advisr fr help in determining hw this reprt impacts yur individual tax situatin. Fr help n the cmpnents f Bx 5 n the 1098-T Tuitin Statement and n the transactins in GWEB and Student ebill: Cntact SAO at 202-994-7350 r via email at SAO@gwu.edu. Fr help n specific detailed questins related t stipend payments Cntact AP Custmer Service via apcustsv@gwu.edu.