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Tax Information

Bethel is here to help with any questions or concerns regarding tax form details. We've even included a step-by-step guide to help file Form 1098-T.

Form 1098-T

Eligible educational institutions file Form 1098-T for each student they enroll and for whom a reportable transaction is made.

Tax Form Details

Use the guide below to file Form 1098-T.

Box 1 – This box will be blank. Bethel has elected to report the amount billed. (This box will reflect the major change on the 1098-T form. In the past, Tuition Billed was reported in Box 2. Now, the IRS has mandated that Tuition Paid will be reported. That dollar amount will be reflected in Box 1.)

Box 2 – The amount billed to the student for qualified tuition and related expenses less any related reimbursements or refunds for the calendar year. Health fees and counseling fees are not qualified; therefore, the full amount of the Program and Services Fee to the student will not be reported. Spring 2018 charges will be included in Box 2 if the student registered for spring 2018 in 2017. (There will be no dollar amount in Box 2. Tuition Paid will be reflected in Box 1.)

Box 3 – Shows whether Bethel changed its method of reporting for 2017. This box will not be checked. (Box 3 will be checked as our method of reporting has changed----We are reporting Tuition Paid in Box 1 rather than Tuition Billed in Box 2.)

Box 4 – It is the amount of any adjustments made for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit you may claim for the prior year. See Form 8863 or the IRS Pub 970 for more information.

Box 5 – This box includes the total of all scholarships, grants, internal NPE’s and fee waivers administered and processed by the university. Spring 2018 scholarships or grants awarded in 2017 will appear in Box 5.

Box 6 – It is the amount of any adjustments made for prior year scholarships, Internal NPE’s grants, and fee waivers that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit you may claim for the prior year.

Box 7 – This box will be checked if the amount in Box 2 includes amounts for an academic period beginning January – March 2018. See the IRS Pub 970 for how to report these amounts. This box is checked.

Box 8 – Indicates whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at Bethel. If you are at least a half-time student for at least one academic period that begins during the year, you meet one of the requirements for the Hope Credit. You do not have to meet the workload requirement to qualify for the tuition and fees deduction or the lifetime learning credit.

Box 9 – Indicates whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential. If you are enrolled in a graduate program, you are not eligible for the Hope credit, but you may qualify for the tuition and fees deduction or the lifetime learning credit.

Box 10 – This box will always be blank on any 1098-T form you receive from Bethel.

Frequently Asked Questions

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