IRS Tax & 1098-T Information

Box 1 Payments Received reports combined payments from all sources, but it will not exceed the qualified tuition and fees billed. Box 1 may include payments that are also reported in Box 5 Scholarships and Grants. Therefore, the amounts on Form 1098-T Box 1 might be different from personal payments you made to ASU.

Details that you may want for tax preparation are available through the online 1098-T Tax Notification. Current and former students can find it on the Financial Aid & Billing page in RamPort.

CARES Act
You may have received emergency financial aid grants under the CARES Act for unexpected expenses related to the disruption of campus operations due to the COVID-19 pandemic. These are qualified disaster relief payments under section 139 of the Internal Revenue Code and are not included in 1098-T reporting.

You can also find helpful answers to common tax questions using the FAQ link on the right side of this page.

Details that you may want for tax preparation are available through the online 1098-T Tax Notification.

The IRS Form 1098-T that is mailed to students is also available online.

Angelo State University offers Online Consent to students who wish to receive their IRS form 1098-T online automatically rather than by mail. This option must be made before Jan. 14th to apply to forms available Jan 31st.

Box 1 reports combined payments from all sources, but it will not exceed the qualified tuition and fees billed. Box 1 may include payments that are also reported in Box 5 Scholarships and Grants. Therefore, the amounts on Form 1098-T might be different from personal payments you made to ASU.

Box 1 may include:

• Scholarships
• Grants
• Veterans’ benefits
• Guaranteed tuition plan payments
• Loans
• Personal payments

Box 1 will not include aid that is required by its terms to pay for non-qualified fees such as room and board scholarships.

Box 5 reports the total amount of scholarship/grants disbursed. Box 5 may include aid that is also reported in Box 1 Payments.

Box 5 may include:

• Scholarships
• Grants
• Veterans’ benefits
• Room and Board Scholarships

Details that you may want for tax preparation are available through the online 1098-T Tax Notification. Current and former students can find it on the Financial Aid & Billing page in RamPort.

Most students can expect the following terms to be included on their 2020 form.

Your terms can be different because your transaction dates determine your tax year. You can see the exact terms and transactions that were included for you by viewing you online 1098-T Tax Notification.

Please be advised that Angelo State University cannot give legal, tax, or accounting advice, cannot determine if students qualify for a tax credit or deduction, and cannot determine the tax treatment of other higher education transactions on your personal tax return. To see if you qualify for a credit, and for help in calculating the amount of your credit, see IRS Publication 970 Tax Benefits for Education, Form 8863, and the Form 1040 instructions. The Interactive Tax Assistant tool on IRS.gov can help determine eligibility for certain educational credits.

Box 1 Payments Received reports combined payments from all sources, but it will not exceed the qualified tuition and fees billed. Box 1 may include payments that are also reported in Box 5 Scholarships and Grants. Therefore, the amounts on Form 1098-T Box 1 might be different from personal payments you made to ASU.

Details that you may want for tax preparation are available through the online 1098-T Tax Notification. Current and former students can find it on the Financial Aid & Billing page in RamPort.

CARES Act
You may have received emergency financial aid grants under the CARES Act for unexpected expenses related to the disruption of campus operations due to the COVID-19 pandemic. These are qualified disaster relief payments under section 139 of the Internal Revenue Code and are not included in 1098-T reporting.

You can also find helpful answers to common tax questions using the FAQ link on the right side of this page.

Former students still have some limited access to RamPort. This includes transfer, withdrawn, or students who have graduated. These students will be able to see the Tax Notifications in RamPort for the tax years they attended ASU.

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If you know your last password, visit the Change your Password webpage.

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Details that you may want for tax preparation are available through the online 1098-T Tax Notification.

The IRS Form 1098-T that is mailed to students is also available online.

Angelo State University offers Online Consent to students who wish to receive their IRS form 1098-T online automatically rather than by mail. This option must be made before Jan. 14th to apply to forms available Jan 31st.

Box 1 reports combined payments from all sources, but it will not exceed the qualified tuition and fees billed. Box may include payments that are also reported in Box 5 Scholarships and Grants. Therefore, the amounts on Form 1098-T might be different from personal payments you made to ASU.

Box 1 may include:

• Scholarships
• Grants
• Veterans’ benefits
• Guaranteed tuition plan payments
• Loans
• Personal payments

Box 1 will not include aid that is required by its terms to pay for non-qualified fees such as room and board scholarships.

Box 5 reports the total amount of scholarship/grants disbursed. Box 5 may include aid that is also reported in Box 1 Payments.

Box 5 may include:

• Scholarships
• Grants
• Veterans’ benefits
• Room and Board Scholarships

Details that you may want for tax preparation are available through the online 1098-T Tax Notification. Current and former students can find it on the Financial Aid & Billing page in RamPort.

Will you receive a 2020 Form 1098-T? Yes. Forms will be available in late January 2021.

Remember that your Tax Notification (form with details) will still be available in RamPort (see My RamPort Access) after you graduate.

Please be advised that Angelo State University cannot give legal, tax, or accounting advice, cannot determine if students qualify for a tax credit or deduction, and cannot determine the tax treatment of other higher education transactions on your personal tax return. To see if you qualify for a credit, and for help in calculating the amount of your credit, see IRS Publication 970 Tax Benefits for Education, Form 8863, and the Form 1040 instructions. The Interactive Tax Assistant tool on IRS.gov can help determine eligibility for certain educational credits.

Box 1 Payments Received reports combined payments from all sources, but it will not exceed the qualified tuition and fees billed. Box 1 may include payments that are also reported in Box 5 Scholarships and Grants. Therefore, the amounts on Form 1098-T Box 1 might be different from personal payments you made to ASU.

Details that you may want for tax preparation are available through the online 1098-T Tax Notification. Current and former students can find it on the Financial Aid & Billing page in RamPort.

CARES Act
You may have received emergency financial aid grants under the CARES Act for unexpected expenses related to the disruption of campus operations due to the COVID-19 pandemic. These are qualified disaster relief payments under section 139 of the Internal Revenue Code and are not included in 1098-T reporting.

You can also find helpful answers to common tax questions using the FAQ link on the right side of this page.

The Family Educational Rights and Privacy Act of 1974 (FERPA), as amended, establishes requirements regarding the privacy of student records. FERPA governs:

• The release of student records maintained by the university
• Access to student records

When a student reaches the age of 18 OR is attending a postsecondary institution, regardless of age, FERPA rights transfer from the parent to the student. Parents of ASU students may not receive information from a student’s records unless the student creates a FERPA/Proxy Authorized User from his/her secure RamPort account.

Details that you may want for tax preparation are available through the online 1098-T Tax Notification.

Students must create a FERPA/Proxy Access for you to view the Tax Notification. Without this authorization, you will not be able to see the Tax Notification. Once your student gives you FERPA/Proxy Access, you will receive an email with further instructions. Visit the FERPA/Proxy Access web page for more details.

After the student has created your access, you may use the Proxy Login to view the Tax Notification.

Details that you may want for tax preparation are available through the 1098-T Tax Notification.

Without FERPA/Proxy Access, parents must ask their student to provide them with the Tax Notification from RamPort. The University will not provide the Tax Notification from RamPort to parents.

The IRS Form 1098-T that is mailed to students is also available online.

Box 1 reports combined payments from all sources, but it will not exceed the qualified tuition and fees billed. Box 1 may include payments that are also reported in Box 5 Scholarships and Grants. Therefore, the amounts on Form 1098-T might be different from personal payments you made to ASU.

Box 1 may include:

• Scholarships
• Grants
• Veterans’ benefits
• Guaranteed tuition plan payments
• Loans
• Personal payments

Box 1 will not include aid that is required by its terms to pay for non-qualified fees such as room and board scholarships.

Box 5 reports the total amount of scholarship/grants disbursed. Box 5 may include aid that is also reported in Box 1 Payments.

Box 5 may include:

• Scholarships
• Grants
• Veterans’ benefits
• Room and Board Scholarships

Details that you may want for tax preparation are available through the online 1098-T Tax Notification. Current and former students can find it on the Financial Aid & Billing page in RamPort.

Most students can expect the following terms to be included on their 2020 form.

Your terms can be different because your transaction dates determine your tax year. You can see the exact terms and transactions that were included for you by viewing you online 1098-T Tax Notification.

Please be advised that Angelo State University cannot give legal, tax, or accounting advice, cannot determine if students qualify for a tax credit or deduction, and cannot determine the tax treatment of other higher education transactions on your personal tax return. To see if you qualify for a credit, and for help in calculating the amount of your credit, see IRS Publication 970 Tax Benefits for Education, Form 8863, and the Form 1040 instructions. The Interactive Tax Assistant tool on IRS.gov can help determine eligibility for certain educational credits.