1098T Form FAQs

Prior to Tax Year 2018, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.

Depending on your income (or your family’s income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.) 

The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.

Below is a blank sample of the 2019 Form 1098-T, that you will receive in January 2020, for your general reference.  For more information about Form 1098-T, visit the IRS's page on Tax Benefits for Education.

Scan of a 1098-T tuition statement form.

What is a Tax Form 1098-T and what do I do with it?

The Form 1098-T contains information to assist you with filing your federal income taxes for the education tax credits, such as The American Opportunity or The Lifetime Learning Credits. CNM is required to send the Form 1098-T to any student who was enrolled and had qualified tuition and related expenses during the previous calendar year. You should take this form with you when visiting your tax preparer or call the IRS for instructions.

CNM is unable to provide you with individual tax advice. If you need tax assistance, please contact the IRS or a tax professional. For more information on the tax credits, please see IRS Publication 970.

When will my Tax Form 1098-T be available?

Your Form 1098-T will be available no later than January 31. If you have consented to electronic receipt you will receive an email before January 31 letting you know when it is available to access in your myCNM account. If you have not consented to electronic receipt your form will be mailed to your Permanent address that is on file with CNM. It is the student’s responsibility to ensure that the address on record is current and accurate. 

Is my Form 1098-T available online?

Yes, you can obtain a copy of your Form 1098-T for any tax year by logging into your myCNM account.  Click on the Cashiers tab, click on Tax Notifications, enter a tax year and then click on Tax Notification, which takes you to your Form 1098-T. Since CNM already sent the IRS a copy of your Form 1098-T, this copy is for your records only.  

If you cannot access your Form 1098-T through your myCNM account, please email your request to [email protected]. Please include your full name, CNM I.D. number and the tax year. You will receive a response within 72 hours. If you do not have access to a computer, please call the 1098-T phone line at (505) 224-3497, select option 2 and leave a voicemail with your full name, CNM ID number and the tax year. CNM will email a copy to your myCNM email address or the alternate email address you have on file at CNM.     

Can I choose to receive my Form 1098-T electronically? 

Yes; however, you must provide consent to receive your Form 1098-T electronically. If not, you will receive a paper copy by mail or you can print a copy from myCNM.

How do I obtain my 1098-T form electronically?

What charges are considered 'Qualified Tuition and Related Expenses'?

  • Tuition*
  • Technology Fees*
  • Registration Fees*
  • Book Store includED Fees*
  • Fast Track Fees*
  • Course/Program Fees (UNIF)*
  • Challenge Exam Fees
  • CLEP Fees
  • Third Party Administrative Service Fee

* If you receive a CNM Employee, Dependent or a Non-Employee Tuition Waiver, your tuition and fees are reduced by the amount of the waiver.

What charges are not considered Qualified Tuition and Related Expenses?

  • Bookstore charges
  • Health fees
  • Parking fees
  • Payment Plan fees
  • Transcript fees
  • GED Fees
  • I.D. Fees
  • ABE Registration fees
  • Return Item Fees
  • International Application Fee
  • International Orientation Fee
  • International Student Fee

What is included in Box 5 "Scholarship or grants"?

Included in Box 5:

  • Federal Financial Aid (Grants only) Example: PELL, SEOG
  • State Financial Aid (Grants & Scholarships) Example: SSIG, CHLD, LGSH, LTRY, etc.
  • All Scholarships including CNM and external agencies.
  • All Third Party Payments

Not included in Box 5:

  • Loans (Direct Subsidized/Unsubsidized & Perkins)
  • AmeriCorp Awards
  • CARES Act Funding

Is there a reason why my Spring Term charges are not included in my Form 1098-T?

CNM reports the amount of qualified tuition and related expenses you paid during the calendar year. This means, if you registered for your Spring term classes in November or December of the year prior to when those classes began and paid for them, then the qualified expenses for those classes were already reported on your previous year 1098-T form.

Is there a reason why I did not receive a Form 1098-T?

You may not have received a Form 1098-T for the following reasons:

  • You did not register for classes during the previous calendar year
  • You registered for Spring term classes in November or December and those charges were already reported on your previous Form 1098-T
  • You moved and did not change your address at CNM before the Form 1098-T’s were processed

Can you send my Form 1098-T to my tax preparer and/or my parents?

No, FERPA regulations prohibits CNM from doing so. You can access your Form 1098-T online through myCNM, print a copy and send to your tax preparer and/or parents.

Whom may I contact, if I have more questions?

You may email [email protected] and someone will respond to your question within 72 hours. If you do not have access to a computer, please call the 1098-T phone line at (505) 224-3497 (select option 2). Along with your question, please include your full name and CNM ID number.