Tax Information
Tax Benefits for Education - Form 1098-T
1098-T's for the 2024 tax year will be available no later than January 31, 2025.
Form 1098-T reports amounts paid in 2024 for qualified tuition, scholarship and grants processed in 2024 to students enrolled in courses at Mississippi State University for which they receive academic credit.
How Can I Access My Form 1098-T?
Current Students: Follow these steps to view and print your form electronically.
- Log into the myState portal
- Click on Banner
- Select myBanner for students
- Under the column labeled Tax Information, select Tax Relief Act Information (1098-T)
- Select the appropriate tax year from the drop-down menu
Students may also access their entire transaction history for supplemental information by choosing “Historical Account Detail” under the Tax Information column.
If you need to request a replacement 1098-T form or a form for a previous year, please contact studentaccounts@msstate.edu.
Explanation of 1098-T Form
The information reported on the 1098-T form helps students evaluate whether or not he or she is eligible for an educational tax credit. IRS Publication 970, Tax Benefits for Higher Education provides detailed information. See IRS Forms and Publications for more details.
Although Mississippi State University is unable to provide tax advice, we urge you to contact your tax advisor or the IRS at 800-829-1040 or www.irs.gov if you have any questions the HOPE or Lifetime Learning Tax Credits. Please remember, the 1098-T is not necessarily a "plug-and-play" document like a W-2 or 1099 but is rather an informational return required to claim the credit and it is up to the taxpayer to claim the correct amount based on individual circumstances. It is important that your tax professional understands the details in each box on the 1098-T.
Box Details:
Box 1 – The total payments from any source received by an eligible educational institution in 2024 for qualified tuition and related expenses less any reimbursements or refunds made during 2024 that relate to payments received during 2024. Please note the amount in Box 1 will NOT equal to or sum to the charges paid for calendar year 2024 because all charges are not considered qualified tuition and related expenses as defined by the Internal Revenue Service.
Note: If you registered and paid for Spring 2024 classes in 2023, those payments will not be included on the 2024 1098-T. Also, if you register and pay for Spring 2025 classes in 2024, those payments will be included on the 2024 1098-T.
Box 2 – This block will be blank.
Box 3 – Shows whether Mississippi State University changed its method of reporting for 2024. This box will not be checked.
Box 4 - 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 – Includes the total of all scholarships, grants, exemptions, and fee waivers administered and processed by the University. Spring 2025 scholarships or grants received in 2024 will appear in Box 5.
Box 6 – The amount of any adjustments made for prior year scholarships, grants, exemptions, 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. See Form 8863 or the IRS Pub 970 for more information.
Box 7 - Will be checked if the amount in Box 1 includes amounts for an academic period beginning January – March 2025. See the IRS Pub 970 for how to report these amounts.
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 Mississippi State University. If you are at least a half-time student for at least one academic period that begins during the tax or calendar year, you meet 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 1098-T form the student receives from Mississippi State University.
PLEASE NOTE: Your personal records in conjunction with the form 1098T may be necessary for determining an education tax credit or deduction. The decision as to whether or not you qualify for an educational tax credit should be determined in consultation with your personal tax advisor or the Internal Revenue Service.