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Tax Information

Tax Benefits and Savings Options 

The internal Revenue Service (IRS) requires all educational institutions, such as colleges and universities, to issue a Tuition Statement (Form 1098T) to its enrolled students at the end of each calendar year.  These forms must be mailed out by January 30 of the new year and contain the following information:

• Total amounts billed for PSU qualified educational expenses (see IRS for definition of qualified educational expenses).

The IRS alows the educational instiution to decide whether to report the total amounts billed or total payments received.  PSU, as well as the entire USNH system, have opted to report total amounts billed.  We are, therefore, not required to report the amounts paid.

• Total Scholarships and grants
• Prior year adjustments to the above items.

For additional information about these reporting requirements, please visit the IRS website (www.irs.gov).

Download this PDF for information on your Tax Benefits and Savings Options.  The document, published by the National Association of College and University Business Officers (NACUBO), provides information on tax credits, deductions, and tax incentives to save for college.

Address  Corrections

To make address corrections to your 1098-T form, please visit the Tax Relief Act Services Web site .

You will need the PIN (on left hand corner of 1098-T) and School  Code (00259100).

Note: Payments must be received by the Bursar's Office by December 30 if they are to be reported in the current tax year.

Study Abroad:

1098-T is an American Tax Form.  Foreign Universities may not provide a 1098-T.  Students will need to contact their Study Abroad Provider directly to see if any tax information will be provided.