|
Q: What is the 1098-T form and what is it used for?
A: The Tax Relief Act of 1997 provided for new Federal tax credits for educational costs.
The 1098-T form provides students with the information regarding their tuition, fees and financial aid that would
be needed to determine eligibility for those tax credits.
Q: What is Stevens Institute of Technology's Tax ID Number?
A: 22-1487354
Q: Do I qualify for a Hope Scholarship or Lifetime Learning Tax Credit?
A: Stevens cannot determine your eligibility, as it is based on the tax filer's income and other criteria.
You (or your parents) should consult with a tax advisor or accountant, the staff at the Student Service Center is
not qualified to offer tax advice.
Q: I didn't receive my 1098-T form.
A: Login to your
myStevens
account and select the "Student/Faculty Web Self Services" icon to view the information
or to print a duplicate copy of your 1098-T information. You do not include the actual form with your tax return, therefore an original
or official copy is not necessary.
Q: Why is the box on the 1098-T labeled Payments received left blank?
A: Schools are required to provide either the payments received or amounts billed, and it is our practice
to provide the amounts billed. Taxpayers may use either to determine eligibility for tuition tax credits.
Q: I'm a former student. How do I access the myStevens account?
A: Contact the
Computer Center Help Desk at 201-216-5500 for assistance
in reactivating your account.
Q: I was billed for an amount that isn't reflected on my 1098-T form.
A: E-mail our 1098-T e-mail help line at
1098T@stevens.edu or call the
Student Service Center at 201-216-5555 to have your account reviewed. A staff member can send you a printout of all
account activity for the calendar year. Stevens only reports the amount for which students were billed during 2012,
not the amount they paid.
Q: I registered for the Spring 2012 semester but it isn't reflected on my 1098-T form.
A: Most Spring semester billing takes place during the previous calendar year, so your Spring 2012 tuition
and fees were most likely billed during 2011, in which case the information would have been included on your 2011 1098-T.
Q: I didn't receive the scholarship or grant amount listed in box #5 of my 1098-T form.
A: Contact the Student Service Center at
1098T@stevens.edu or 201-216-5555 to
have your financial aid records reviewed.
Q: My parents are divorced, which of them may receive this tax credit?
A: Only the parent who deducts the student on his or her taxes may qualify for these tax credits.
|
