As tax season quickly approaches, Dowling College is prepared to do our share in making the filing process easier. For the past few years, students or parents were able to claim one or, in some cases, two tax credits against their federal income taxes for expenses they paid for postsecondary education for themselves and their dependent children. The 2014 1098-T form is to aid you in the purpose of filing for the Hope Scholarship Credit or the Lifetime Learning Credit.
The 2014 1098T form is available to be viewed and printed from January 30, 2015.
- You may view and print a copy of the form from your Dowling student account.
- Login to the Student Information System
- Click “Student”
- Click “Tax Notification”Enter the tax year you wish to view.
- Perform “File-Print” from your browser’s menu.
- You may also view and print a copy of your 1098T form from previous tax years. Please be advised that prior to tax year 2003, colleges and universities were not required to report totals on the 1098T form. Only a student’s name, social security number, address and student enrollment information were reported for tax years prior to 2003.
- The available 1098-T form is an informational form to aid you or your tax preparer in determining if you are eligible to claim this credit.
- The College cannot determine whether you are eligible to claim this tax credit. Please consult your tax advisor or IRS Publication 970 from the IRS website at www.irs.gov to determine the amount of tax credit, if any, that you may be eligible to claim.
- All students should save their tuition and financial aid records for tax purposes. These include cancelled checks, class schedules and student account summaries available when you log into Dowling College Information System. If you need a copy of your Student Account Summary by Term, please login to the Student Information System.
- Please ensure your mailing address is your permanent address and that it is correct. Please log onto your student account and click on “Personal Information” to view and edit your address online.
Due to IRS filing regulations, the College must provide on all 1098-T forms issued for students, a valid Social Security or Taxpayer Identification number for that student.
“Why is Box #1 blank when I paid tuition during 2014?”
- The IRS gave colleges and universities the choice to either report Box #1 Payments Received or Box #2 Amounts Billed. The College will be supplying on the 1098T form Box #2, which refers to amounts billed for qualified tuition and related expenses. This will be for qualified tuition and related charges accrued on the student’s account during the 2014 calendar year (January 1, 2014 through December 31, 2014).
“I graduated/attended Spring 2014, why didn’t I get a 2014 1098T form?”
- If the student attended the Spring and/or Winter 2014 semesters, you may need to reprint the 2013 1098T form. The majority of students are billed tuition for these two semesters in November and December of 2013. Since the College is required to report activity by calendar year and not academic year, the charges would appear on the student’s account during the calendar year 2013 and go on the 2013 1098T form. When this overlap happens, Box #7 on the 1098T form will be indicated when there are amounts included in the total of Box #2 that represent a semester that starts in a future tax year. Please print 2013 and 2014 1098T and provide both copies to your tax preparer.
If you have questions concerning information provided on the 1098-T form, please contact office of the Bursar (631) 244-3013, or e-mail your questions to firstname.lastname@example.org.
Educational Tax Benefits
To promote access to and the affordability of college education, the IRS created a Web site highlighting various tax credits, deductions and savings plans designed to help parents and students pay for college. Please review this beneficial tax information. Other information concerning educational tax credits can be found on the IRS website www.irs.gov, including IRS Publication 970.