New! 1098T's now available online!
Kansas State University is happy to announce that K-State Students now have the option to receive their 1098T’s in one of two ways:
1. Immediate Online Access – Students can grant authorization to receive their 1098T online through Student Center within iSIS. Students should go to the front page of Student Center and go to the drop down box where the default states “other financial…”. Click on the down arrow to open the drop down list and select “1098T Tax Information”. Follow the instructions to grant your consent to view your information online immediately.
2. Mailed 1098T – Students may also choose to decline the electronic version of the 1098T as the primary means of form delivery. If so they will receive a paper copy of their 1098T delivered to the Student’s iSIS Permanent address. Paper 1098T’s will be mailed on or before January 31st. After KSU has fulfilled its obligation to mail the required 1098T, electronic access will be available to all students.
Parents whose students have set them up with Designated Access will have access to view their students’ 1098T online in their Designee Center AFTER that student has granted electronic delivery or after 1098T’s have been mailed as required.
If you have any questions or concerns, please feel free to contact us at firstname.lastname@example.org.
Educational Tax Benefit
TAXPAYER RELIEF ACT OF 1997
KANSAS STATE UNIVERSITY
The Taxpayer Relief Act of 1997 (TRA97) provides several tax benefits to help families meet the cost of postsecondary education. Taxpayers can claim one of two tax credits for qualified tuition and related expenses they pay for postsecondary education for themselves and their dependent children. These tax credits can directly reduce the amount of federal income tax.
Refer to IRS Publication 970 for information regarding the Tax Benefits for Education. Education expenses paid with tax-free grants, scholarships, and employer education assistance are not eligible for either tax credit. However, education expenses paid with loans and other out-of-pocket means are eligible for these tax credits.
TheKansas State University Cashiers Office has the responsibility for reporting all students’ attendance at KSU to the Internal Revenue Service (IRS). Listed below is the information dissemination plan:
1). In January, the University Cashiers Office will prepare a report of all tuition, fee and related payment transactions for each student who attended Kansas State University during the tax year. This report will not be sent to the IRS. It will be provided in an effort to give students/parents sufficient information to determine their eligibility for these tax credits. KSU personnel will not provide tax advice.
2). At the same time in January, the University Cashiers Office will deliver (either provide electronically or mail, as determined by the student) an IRS 1098-T (Tuition Payments Statement) form to all students who attended KSU during the tax year. The 1098-T form will be mailed on or before the 31st of January. A copy of this form will also be provided to the IRS. This form will indicate whether the student was enrolled at least half time during any academic term in the tax year and also whether the student was enrolled in graduate credit courses during any academic period in the tax year. The amount the student was billed during the tax year and the amount of gift money received during the tax year. The IRS will use this information to help determine each student's eligibility for Higher Education Tax Credits.
3). The IRS 1098-T form will be mailed to each student's permanent address on file with the KSU Registrar’s Office. Students should be sure that their permanent address is current. If students/parents do not receive an IRS 1098-T form by February 10, they should call the University Cashiers Office at 785-532-6317.