{"id":2054,"date":"2023-03-15T17:41:58","date_gmt":"2023-03-15T17:41:58","guid":{"rendered":"https:\/\/qa.www.purdue.edu\/treasurer\/finance\/\/?page_id=2054"},"modified":"2026-03-16T15:45:02","modified_gmt":"2026-03-16T19:45:02","slug":"tax-information","status":"publish","type":"page","link":"https:\/\/www.purdue.edu\/treasurer\/finance\/bursar-office\/student-account-faqs\/tax-information\/","title":{"rendered":"Tax Information"},"content":{"rendered":"\n
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Tax Information \u2013 Educational Tax Credit (Form 1098-T)<\/h1>\n\n\n\n

Families filing a U.S. tax return may be eligible for educational tax credits when claiming their Purdue student as a dependent. In mid-January of each year, the Office of the Bursar will generate an IRS Form 1098-T necessary to file for these tax credits. <\/p>\n\n\n\n

The 1098-T will be provided electronically via the student\u2019s account<\/strong>. Students can view and download Form 1098-T<\/a> after logging in to their Purdue Career Account.<\/p>\n\n\n\n

Authorized users can view Form 1098-T<\/a> through Purdue’s secure payment gateway. Students must authorize their parent\/guardian to access Form 1098-T specifically<\/strong><\/em>.<\/p>\n\n\n\n

Frequently Asked Questions<\/h2>\n\n\n\n

Please see below for a list of frequently asked questions regarding Form 1098-T. Click on the question to see our answer.<\/p>\n\n\n\n

How is Box 1 calculated?<\/p>

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Box 1. Payments Received for Qualified Tuition and Related Expenses: (<\/u><\/strong>https:\/\/www.irs.gov\/instructions\/i1098et<\/strong><\/a>):<\/u><\/strong><\/p>\n\n\n\n

Box 1 is the total amount of payments received for qualified tuition and related expenses (QTRE) from all sources during the calendar year. The amount reported is the total amount of payments received less any refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year. The amount reported is not reduced by scholarships and grants reported in box 5.<\/p>\n\n\n\n

The calculation is based on calendar year totals, Jan 1 \u2013 Dec 31. Box 1 will represent all payments received up to the maximum QTRE within the same calendar year.<\/p>\n\n\n\n

Below is an example of the system calculation for a student who began in Summer of 2024, through the period of January 1, 2024 through December 31, 2024:<\/p>\n\n\n\n

1098T Reporting<\/td> Billed Smr 2024<\/td> Billed Fall 2024<\/td>Billed Spring 2025<\/td>TOTAL:<\/td><\/tr>
Tuition Q<\/td> $ 2,498.00<\/td> $ 4,996.00<\/td> $ 4,996.00<\/td> $ 12,490.00<\/td><\/tr>
Housing UQ<\/td> $          –  <\/td> $ 3,792.00<\/td> $ 3,792.00<\/td> $ 7,584.00<\/td><\/tr>
PAID<\/td> $ 2,498.00<\/td> $ 8,788.00<\/td> $          –  <\/td> $ 11,286.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Box 1 will be $11,286 which includes the spring QTRE because total payments made were less than or equal to the maximum amount of QTRE for 2024 tax year.<\/p>\n\n\n\n

The system will not separate out payments applied to housing; it will only look at overall payments made versus the overall QTRE for the same calendar year and report payments up to the maximum QTRE for that year.<\/p>\n<\/div><\/div>\n\n\n\n

What is a Form 1098-T?<\/p>

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Colleges and universities are required under Internal Revenue Code Section 6050S to issue the Form 1098-T for the purpose of determining a taxpayer\u2019s eligibility for various tax credits and\/or deductions.<\/p>\n\n<\/div><\/div>\n\n\n\n

What if my SSN is incorrect or missing?<\/p>

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You can log in to myPurdue<\/a><\/u><\/strong> to review and update your information: <\/p>\n\n\n\n

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  1. Navigate to the \u201cStudent Account \u2013 Important Items\u201d card. <\/li>\n\n\n\n
  2. Select \u201cUpdate Taxpayer ID\u201d <\/li>\n\n\n\n
  3. Complete the form to provide your SSN\/TIN <\/li>\n<\/ol>\n<\/div><\/div>\n\n\n\n

    Does every student get a Form 1098-T?<\/p>

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    Purdue must file a Form 1098-T for each student enrolled for the given calendar year \u2014 and for whom a reportable transaction is made. However, the IRS does not require the University to provide a Form 1098-T for:<\/p>\n\n\n\n