Tax Information

Ramapo College is required to furnish a 1098-T to all students who incurred qualified tuition and related expenses and paid corresponding payments during the current tax year.  The 1098-T is an Internal Revenue Service (IRS) form provided to students for tax purposes and can be used to assist students and families in determining if they are eligible to claim the Hope Scholarship or Lifetime Learning Tax Credit.

As per IRS regulations, Form 1098-T is provided each year on or before January 31. The data reported on the form is based on the prior tax year from January 1 through December 31, not the academic year.

Prior to 2018, Ramapo College reported Qualified Tuition and Related Expenses (QTRE) in Box 2 instead of Qualified Payments in Box 1.  Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018 Ramapo began reporting Qualified Payments made towards QTRE in Box 1 instead of Reporting Box 2 QTRE.

The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculation the education tax credits that a taxpayer may claim as part of your tax return. (https://www.irs.gov/forms-pubs/about-form-8863). Ramapo College is unable to provide you with individual tax advice and questions about tax credits should be made to a tax preparer or advisor.

For more information about Form 1098-T, visit https://www.irs.gov/forms-pubs/about-form-1098-t or Publication 970 https://www.irs.gov/forms-pubs/about-publication-970

How to retrieve and view your IRS Form 1098-T:

Students can view and print their annual IRS Form 1098-T Tax Form
(when eligible) through their MyRamapo portal. Please be aware,
forms are not mailed. Below are the step-by-step instructions to print the form:

• Log on to MyRamapo Self Service by clicking Enter Secure
Area, entering your login information, and clicking Sign In
• Click on the Student Services & Financial Aid tab at the top of
the page
• Click on the Bill and Payment Suite link
• Click the Account Info/Pay Bill button
• Click on the My Account tab at the top of the screen and
select Statements
• Click on the 1098-T Tax Statements tab
• Click the View button for the appropriate tax year
• A PDF of your 1098-T will generate that is printable or can be
saved

If you wish to opt-in to receiving a printed copy of your IRS Form 1098-T for the current tax year only, you must fill out the Revocation of Electronic 1098T 2024 form and submit it to the Office of Student Accounts. A form will printed for you within 5-7 business days and mailed to the home address we have on file with the Registrar’s Office.

If you recently received notification from the Office of Student Accounts that Ramapo College does not have a valid social security number on file for you, and you wish to submit this information for tax purposes please click HERE for IRS Form W9-S. Please fill out this form and return it to the Office of Student Accounts.