1098-T FAQ
What is a 1098-T and why do I need one?
This form is intended to assist you or your parents in the preparation of your federal tax return. Your accountant, tax preparer, or the Internal Revenue Service (www.irs.gov) can best advise you in the utilization of this form when preparing your taxes.
When will my 1098-T be mailed to me?
1098-Ts must be postmarked by January 31, 2012.
What address will my 1098-T be mailed to?
It will be mailed to your "permanent" address on file with the University.
Where can I find my 1098-T online?
Go to https://tra.vangent.com. Download instructions for setting up your user name and password (pdf).
I am looking at my 1098-T and I don't see what I spent on books.
The information on this form is what is required by NSU to report to the Internal Revenue Service. We do not report your expenditures on books. You may want to consult your accountant, tax preparer, or the Internal Revenue Service (www.irs.gov) about your book expenditures and how they relate to your tax preparation.
I did not receive (lost) my 1098-T form. Where can I get another one?
Go to https://tra.vangent.com. Download instructions for setting up your user name and password (pdf).
How does this affect my taxes?
Consult your accountant, tax preparer, or Internal Revenue Service (www.irs.gov) on which amounts you can include for tax purposes.
How much can I deduct from my taxes?
Consult your accountant, tax preparer or the Internal Revenue Service (www.irs.gov) for that information.
Where on my tax form do I put this information?
You may obtain information from your accountant, tax preparer or Internal Revenue Service (www.irs.gov) about the Hope Credit and Lifetime Learning Credit for higher education expenses.
What is included in Box 5 - Scholarships or Grants - of the 1098-T?
The total amount of any Scholarships or Grants administered and processed by Northeastern State University during the calendar year for the payment of the student's cost of attendance (which includes nonqualified expenses such as books, room and board). Scholarships and Grants include payments received from 3rd parties (excluding family members and loan proceeds). This includes payments received from governmental and private entities such as the Department of Defense, civic and religious organizations, and nonprofit entities.