Lifetime Learning & American Opportunity Tax Credit

IRS Form 1098-T

Colleges and universities are required to issue IRS Form 1098-T each year for the purpose of determining a student's eligibility for education tax credits.

In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, Long Island University will now report in Box 1 the amount of QTRE you paid during the year.

Depending on your income (or your family’s income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)

The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return. Please note that Long Island University is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.

Students are required to have an accurate Taxpayer Identification Number (TIN) The IRS designed Form W-9S, “Request for Student’s or Borrower’s Taxpayer Identification Number and Certification,” specifically to assist colleges and universities in collecting student TINs for accurate 1098-T reporting. IRS Form W-9S can be found online at www.irs.gov/pub/irs-pdf/fw9s.pdf. Because of the sensitive nature of this information request, please hand deliver, mail, or fax back the completed form to the following address: Long Island University, Office of Student Financial Services, University Center, Mary Lai Building, 700 Northern Boulevard, Brookville, NY, 11548, Fax: (516) 299-2565.

For more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.

Please note that students in the Pharm.D program of study are reported as undergraduates for the purposes of IRS Form 1098-T.