1098-T Frequently Asked Questions
Where do I get a copy of my 1098-T?
1098-Ts are available through your CashNet account beginning with the tax year 2014. Students will need to log into MyUWF, enter 1098-T into the search bar, then select CashNet-Pay Your Bills. The 1098-T is available on the main page.
Why doesn't the amount in box 2 match the amount I paid for tuition and fees?
Fees assessed for health and transportation do not meet the IRS definition of qualified charges and expenses and have been deducted. The health fee is $7.52 per credit hour and transportation fee is $8.00 per credit hour for on campus classes.
How do I know the amount I'm charged for housing, meals, and books?
The 1098-T is for qualified tuition and related expenses. It does not include other charges at the University, including housing, meal plans, and books. The CashNet Account Details page will display these other charges.
Bookstore charges are only displayed on CashNet if the student used the Bookstore Deferment.
Can you help me fill out my tax return?
The University of West Florida is not in a position to advise you regarding your eligibility for any income tax credit or to assist you with preparing your income tax return. For official IRS information refer to IRS Publication 970, Tax Benefits for Higher Education, IRS web site, or contact your tax preparer.
What information is included on the 1098-T?
The Internal Revenue Service requires universities and colleges to provide the 1098-T and they set the requirements for the information that it contains.
Beginning in 2018, the Internal Revenue Service has changed the 1098-T reporting requirements for all Universities. UWF will be required to change from reporting “amounts billed” for tuition to “payments received” for tuition. These are defined below:
- Amounts billed – at the time a student registers for classes, the students tuition and fees are calculated and added to his/her student account. Depending on when a student registers, it will determine the tax year the tuition and fees will be reported.
- Payments received – Payments received for tuition and fees during a tax year. The date the payments are received will determine the tax year the tuition and fees will be reported.
2017 1098-T’s were calculated using the “amounts billed” method of reporting for all Spring, Summer, and Fall 2017 terms. If registration for Spring 2017 classes occurred during 2016, it was reported as amounts billed in 2016.
2018 1098-T’s were calculated using the “payments received” method of reporting starting with the Spring 2018 term. If registration for Spring 2018 classes occurred during 2017, it was reported as amounts billed in 2017.
1098-T – Tuition Statement
Box 1: Payments received for qualified tuition and related expenses - Total amount of payments received for qualified tuition and fees from all sources during the calendar year, January 1 through December 31. Health and transportation fees are not included. (For tax year 2018 and forward)
Box 2: Amounts billed for qualified tuition and related expenses - UWF reports qualified tuition and fees that have been assessed during the calendar year, January 1 through December 31. Health fees and transportation fees are not included. (Only for tax years 2014-2017) Example: If you registered for Spring 2017 classes before December 31, 2016, your Spring 2017 qualified tuition and fees will be reported on the 2016 1098-T.
Box 3: Change in reporting method - Based on new IRS regulations, UWF was required to change how qualified tuition and fees are reported. Box 3 is checked to reflect the change from reporting tuition and fees assessed (Box 2) to tuition and fees paid (Box 1).
Box 4: Adjustments made for a prior year
Box 5: All amounts received for scholarships, grants, tuition waivers, VA benefits processed through the University, amounts billed to employers, and DoD tuition assistance
Box 6: Adjustments to the amount of scholarships, grants, waivers, and other benefits that may have been reported the previous year
Box 7: The amount in box 1 includes amounts for an academic period beginning January-March
Box 8: Student is enrolled during the calendar year for at least half-time (Only applies to undergraduate students)
Box 9: Student is enrolled as a graduate student
Box 10: Insurance contract reimbursements/refunds - Not used by UWF