Tax Information
In accordance with requirements of the Tax Relief Act of 1997, the 1098-T Tuition Statement is intended to provide you with information to assist you in determining your eligibility for possible American Opportunity Credits or Lifetime Learning Credits. Starting in mid January, enrolled students can retrieve their prior years 1098-T Tuition Statement through Bulldog Connect (please see instructions below). The Tuition Tax statement will be mailed to non-enrolled (graduated students) students before January 31 each year.
IRS Publications
IRS Publication 970 (Tax Benefits for Higher Education) and Publication 520 (Scholarships and Fellowships) are available from the IRS Web site or by calling 1-800-TAX-FORM.
Form W-9S
Request for Student’s or Borrower’s Taxpayer Identification Number and Certification
This Form allows students to provide their correct taxpayer identification number to an educational institution or to a lender of a student loan. This Form can also certify the use of the funds for qualified higher education expenses.
To access your 1098-T Tax Statement online:
- Log in to your Bulldog Connection account
- Select Self Service
- Select Campus Finances
- Select view 1098-T
Pop-up blocker must be disabled to view your 1098-T Tax Statement.
Understanding Your 1098-T Tax Statement
Your 1098-T Tax Statement are issued by Bowie State University and includes the University’s address, contact information, Federal Tax ID number as well as your name, address, social security number, and assigned school ID number. Bowie State University is required to report the following:
Amounts billed for qualified expenses or amounts paid for qualified expenses — please note Bowie State University reports the amounts billed. (See BOX 2 for the 1098-T Statement.)
- Changes to billed amounts reported in prior years. (See BOX 4 the 1098-T Statement.)
- Amounts of scholarships and grants. (See BOX 5 of the 1098-T Statement.)
- Changes to scholarship amounts reported in prior years. (See BOX 6 of the 1098t statement.)
- Bowie State University’s method in reporting tax information to the IRS (Please note that the University has not changed its reporting method.)
- Whether the amounts reported include amounts for terms beginning in the three months of the next calendar year. (See BOX 7 of the 1098t statement.)
- If you are at least a part-time student. (See BOX 8 of the 1098-T Statement.)
Exceptions
The University does not have to file Form 1098-T or furnish a statement for the following:
Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program.
- Non resident alien students, unless requested by the student.
- Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants.
- Students who do not maintain separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student’s employer or a governmental entity, such as the U.S Department of Veterans Affairs or the U.S Department of Defense.
We strongly encourage students and their families to seek professional advice from a qualified tax accountant regarding education tax credits.