Explanation of 1098-T Form
Box 1 – This block will be blank. Mississippi State University has elected to report the amount billed.
Box 2 – The amount billed to the student for qualified tuition and related expenses less any related reimbursements or refunds for the calendar year. Spring 2017 charges will be included in Box 2 if the student registered for Spring 2017 in 2016.
Box 3 – Shows whether Mississippi State University changed its method of reporting for 2016. This box will not be checked.
Box 4 - The amount of any adjustments made for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit you may claim for the prior year. See Form 8863 or the IRS Pub 970 for more information.
Box 5 – This box includes the total of all scholarships, grants, exemptions, and fee waivers administered and processed by the University. Any Spring 2017 scholarships or grants received in 2016 will appear in Box 5.
Box 6 – The amount of any adjustments made for prior year scholarships, grants, exemptions, and fee waivers that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit you may claim for the prior year. See Form 8863 or the IRS Pub 970 for more information.
Box 7 - This box will be checked if the amount in Box 2 includes amounts for an academic period beginning January – March 2017. See the IRS Pub 970 for how to report these amounts.
Box 8 – Indicates whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at Mississippi State University. If you are at least a half-time student for at least one academic period that begins during the tax or calendar year, you meet the requirements for the Hope credit. You do not have to meet the workload requirement to qualify for the tuition and fees deduction or the lifetime learning credit.
Box 9 – Indicates whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential. If you are enrolled in a graduate program, you are not eligible for the Hope credit, but you may qualify for the tuition and fees deduction or the lifetime learning credit.
Box 10 – This box will always be blank on 1098-T form the student receives from Mississippi State University.
PLEASE NOTE: Mississippi State University does not provide tax or legal advice. The decision as to whether or not you qualify for an educational tax credit should be determined in consultation with your personal tax advisor or the Internal Revenue Service. Your personal records in conjunction with the form 1098T may be necessary for determining an education tax credit or deduction.