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WESTERN
WASHINGTON UNIVERSITY
1098T SUPPLEMENTAL INFORMATION
This
document contains important income tax information that is being
furnished to the Internal Revenue Service.
Form
1098T is furnished to assist you and your tax preparer in calculating
any education tax credit that you may be eligible for and completing
Form 8863 which attaches to your tax return.
This
form reports the qualified tuition and related expenses billed
to you by Western Washington University during the calendar year
ended December 31. Under Internal Revenue Code Section 25A, you
may claim an education tax credit for qualified tuition and related
expenses actually paid during the year.
This
form also reports the amount of any scholarships or grants that
you have received during the year. You may not be able to claim
a tax credit for the entire amount of qualified tuition and related
expenses paid by you during the year as these scholarships or grants
may have reduced the amount you paid.
The
following situations may affect the amount of education tax credit
available to you:
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1) |
The
amount of any grants and scholarships received but not administered
through Western Washington University may reduce the amount
of any allowable education tax credit for the taxable year. |
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2) |
The
amount of any reductions in charges for qualified tuition and
related expenses, or any reduction in the amount of scholarships
or grants, reported by Western Washington University to you
may affect the amount of any allowable education tax credit
for the prior calendar year. |
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3) |
Any
reimbursements or refunds of qualified tuition and related expenses
reported by an insurer may reduce the amount of an allowable
education tax credit for a taxable year. |
For
questions on the amounts shown on Form 1098-T,
call Student Accounts at (360) 650-2865. For explanations
relating to the eligibility requirements for, and calculation of,
any allowable education tax credit, consult with your tax advisor.
The Student Accounts staff at Western Washington University
is NOT qualified to answer tax questions. Please consult your tax
advisor. |