On January 29th you will be mailed a 1098T form from USI, which can be used to calculate possible income tax credits. These forms will contain zero dollar amounts in all boxes. Federal regulations do not require that the University provide financial data on your 1098T form. We understand that to complete your tax return you will need financial data.

In order to aid you in calculating what your deduction may be, we have placed all necessary information on myUSI (http://my.usi.edu). Due to privacy regulations, we are unable to provide this information over the phone or by fax. By signing onto myUSI, you are identifying yourself by using your confidential username and password and are therefore able to obtain your information. Please see the additional 1098T related FAQs that follow this for detailed information on how to find dollar amounts.

If you do not have your myUSI username, you may obtain the same by following the steps listed on the myUSI website. If you have misplaced your password, please contact us at (812)465-1080.

Privacy regulations prevent USI from giving out detailed student information over the phone. By signing in to myUSI, you are identifying yourself by using your confidential myUSI Password. Since you have verified your identity in this manner, myUSI can transmit this information via a secured connection.

The IRS added a new reporting category for Reimbursements or Refunds. The rules for calculating this amount and its effects on the calculation for Qualified Tuition and Related Expenses were not practical to implement by our software vendor.

The IRS recommended that our software vendor show zeros on the form instead of trying to implement the new regulations. The IRS is reviewing the requirements for the amount calculations for the next tax year, and will likely propose some more changes.

First, you will need to login to myUSI (http://my.usi.edu) using your username and your myUSI Password . The myUSI password may be original password assigned by the Registrar’s Office unless you are a current student and have changed your password within the myUSI system.

After signing into myUSI,

1. Click the Self Service icon.
2. Cclick on the Student Services link
3. From the Student Services main menu, look under the Student Records group heading to find the 1098 link
4. Click on the link IRS Form 1098T Information
5. Choose the tax year and click Select

You can print the information from this page and take it to the person who completes your tax forms. This screen shows the dollar amounts reported to the IRS and the related detail information. If the amounts on your 1098T tax form (amounts reported to the IRS) are all zeros, you can use the detail information to decide what amounts you will claim on your income tax form.