1098-T Tuition Payment Statement
American Opportunity Tax Credit / Lifetime Learning Credit
The IRS requires colleges and universities to report either payments made by students for qualified expenses ("payment method") or amounts billed to students for qualified expenses ("billing method"). Purdue University has elected to use the billing method to report information on the 1098-T. As a result, the University reports amounts billed to the students for qualified education expenses (Box 2) and does not report amounts paid by the students (Box 1).
This does not negate the relevance of amounts paid for qualified education expenses. We have provided supplemental information detailing your student account activity (including amounts paid during the year) on the supplemental Quick Links (1098T Notification) on the Financial Tab of MyPurdue. We hope this information will prove helpful in determining your eligibility for an education-related tax deduction or credit.
Education tax credits available
In mid-January, the Bursar's Office will generate an IRS Form 1098-T to help students and families prepare their tax return. Families filing a U.S. tax return may be eligible for educational tax credits when claiming their Purdue student as a dependent. By January 31, the IRS Form 1098-T that is necessary to file for these tax credits will be available electronically through the student's myPurdue account.
By entering the myPurdue portal, students can gain access to the form and/or provide access to others in TouchNet, the University's online system for viewing and paying bills. Click here for more information.
Note: Students must authorize users to access the 1098-T form specifically.
The 1098-T forms are available on-line ONLY.
Obtaining the IRS Form 1098-T online:
- Students/Authorized Users obtains the 1098-T form through TouchNet
- Students logs into myPurdue, selects the "Financial" tab, then "Manage My Account", which will take them to TouchNet
- Authorized Users will log in directly through TouchNet: https://secure.touchnet.com/C21261_tsa/web/login.jsp
- Once in TouchNet, click the "eBills" tab. There is a section called "1098T Tax Statement" and all available years will be listed. Click "View" for the year needed.
- Access questions? See Accessing your IRS Form 1098T.
- 1098-T Generated and Available On-line by January 31
Note: Purdue University Reports on Tuition Billed NOT Tuition Paid
The amount shown in Box 2 of your 1098-T represents the amount of qualified tuition and related fees billed to your account between January 1, 2012 and December 31, 2012.
Box 2 may consist of charges for 2012 Summer, 2012 Fall and 2013 Spring (since most students pre-register for the Spring terms).
- Students should make any needed address updates by January 1 on myPurdue to ensure that the IRS Form 1098-T information is accurate. Address information can be accessed and updated under the 'Student Life' tab on myPurdue.
- To determine if you are eligible for the tax credit, please consult your tax advisor, your personal expense records, and your MyPurdue invoices. Employees of Purdue University cannot offer assistance with tax form preparation. Please do not contact the university for that purpose.
- The responsibility for your individual tax circumstances rests with the taxpayer alone, and Purdue University is not responsible for your interpretation of this information. You are urged to refer to federal Publication 970 from the IRS.
- Tax filers should note that the American Opportunity tax credit, extended for tax years 2011 and 2012, is based upon payments made by December 31, 2012. If students and parents intend to take advantage of this credit, they may wish to make payments by this deadline.
- For the tax year 2012, filers may be able to claim the following educational tax credits; The American Opportunity Tax Credit / Lifetime Learning Credit