Forgot your password?

Trouble logging in?

Home
  /  Life on Campus  /  Campus Offices & Services  /  Student Records and Financial Services  /  Student Accounts  /  Tax Forms  /  1098T Tuition Statement

1098T Tuition Statement

Eligible students will be receiving the 1098T Tuition Statement each year during January outlining the prior year’s tax information.

For 2010 1098T's will be available in WebAdvisor in late January. Starting in 2009 students may view and print their 1098T forms electronically through their WebAdvisor account for 2008 and 2009. Once logged into WebAdvisor, under Financial Resources: choose the "1098T Viewable Form" option. Complete the consent to view the form and then you will be able to view and print your 1098T. Prior 1098T's can still be found on MyNU.  If you are having difficulties with this and want us to mail a copy to you please contact the Student Accounts Office at (716)-286-8300 or e-mail at sao@niagara.edu

Changes for 2009 and 2010

The American Recovery and Reinvestment Act of 2009 (P.L. 111-5) included the American Opportunity Tax Credit, which expands the Hope Scholarship. This expansion is temporary, limited to the 2009 and 2010 tax years. However, President Obama's FY2010 budget proposes making these changes permanent. The changes are as follows:

  • Increases the amount from $1,800 to $2,500.
  • The amount of the credit is 100% of the first $2,000 in qualified expenses and 25% of the second $2,000. (Previously it was 100% of the first $1,200 and 50% of the second $1,200.)
  • The number of years allowed was increased from 2 to 4.
  • The income phaseouts were increased to $80,000/$90,000 (single filers) and $160,000/$180,000 (joint filers).
  • Course materials added as a qualified expense in addition to tuition and fees.
  • 40% refundable (max $1,000) to allow even low income students who have no tax liability to obtain a partial benefit.
  • May offset the AMT.
  • Students who qualify for higher Gulf Opportunity Zone amounts may choose that amount.

NOTE: It is up to each taxpayer to determine eligibility for the credits and how to calculate them. Niagara University cannot advise you on how to claim the credit.

1098T Tuition Statement

The 1098T is an informational form letting you know what information has been sent to the IRS. A 1098T is sent to each student who has relevant tuition billed, scholarships and grants processed during that relevant tax year. Niagara University is required by the IRS to issue 1098-T's.

What should you do with the 1098T form?

Review the "Instructions for Student" on the reverse side of Copy B of the 1098T. Then, consult with your tax advisor. We have furnished you with a detailed statement of your student account. This statement shows all activity for the tax year and should assist you and/or your tax consultant in preparing your income tax return.

Explanation of Amounts Reported

Amounts reported include relevant tuition billed, scholarships and grants processed between 01/01/200X and 12/31/200X.

What should I do if I did not receive a 1098T form?

If you did not reveive a 1098T tax form, please follow the instruction at the top of this page to view and print the form from your WebAdvisor account or contact us to send you a copy. If you did not have relevant tuition billed, scholarships and grants processed during that relevant tax year we can send you a statement of account that will show the account activity during the tax year.

Additional Resources