1098-T Hope Scholarship and Lifetime Learning Tax Credit

Lifetime Learning Tax Credit provides a credit of up to $2,000 per year for students who take one or more classes from a college or university to pursue an undergraduate or graduate degree, certificate, or to acquire or improve job skills. This credit can be claimed for as long as the student is enrolled in an eligible educational institution.

Hope Scholarship Tax Credit provides a credit of up to $1,500 for a student who is enrolled in one of the first two years of post-secondary education and are carrying at least a half-time workload while pursuing an undergraduate degree or certificate. This credit can be claimed for only two taxable years.

The University will mail a 1098-T to the permanent address in OASIS by January 31 each year. The 1098-T form provides information for students when claiming an education tax credit against their Federal Income tax liability. The form reports (box 2) the total amounts billed for qualified tuition and related expenses less any related reductions for the tax year. It excludes charges for the tax year Spring semester if a student registered for credit coursed in December prior to the tax year. Likewise, it included charges for the Spring semester post tax year if a student registered for credit classes in December. The tuition is also reduced by Transportation and Health fees billed. The 1098-T also reports (box 4) any scholarships, grants, waivers or sponsor amounts that were received by the student during the year. The form does not report student payments made during tax year; payment detail can be found via on OASIS under Account Summary by Term. To calculate your tax credit, refer to your own records (tuition receipts etc) and consult IRS Publication 970. You do not file Form 1098-T with your tax return.


Your personal financial records serve as the official supporting documentation for your federal income tax return. The data reported on the 1098-T can be found on OASIS under Tuition and Fees - Tax Notification. For additional information call 813-974-2618.


For more information, please contact Wayne Browning at (813)974-6049 or Email Wayne Here.