1098-T Tax Information
Frequently Asked Questions
- Why are my qualified payments not listed in Box 1?
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According to IRS guidelines, VA Tech must choose to report either (Box 1) payments received for qualified tuition and related expenses) or (Box 2) amounts billed for qualified tuition and related expenses). VA Tech has chosen to report (Box 2) amounts billed for qualified tuition and related expenses.
- What is included in Box 2, Amounts billed for qualified tuition and related expenses?
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Box 2 includes tuition and the following fees: academic fee, technology fee, capital & equipment fee (non-resident only), student activity fee, athletic fee, recreational sports fee, and students services fee. The amount in Box 2 includes the tuition and fees that were billed between January 1 and December 31.
- Why was I excluded from receiving a 1098-T?
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VA Tech is not required to issue a 1098-T to:
- Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants (when Box 5 is greater than Box 2).
- Students covered by a formal billing arrangement between the institution and an employer or a government entity.
- How can I get an itemized listing of the information on the 1098T and supplemental information?
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The student will need to:
- Login to Hokie Spa
- Click on "University Account Information"
- Click on Tax Notification
- Enter 2007 in the tax year