Paying For School

1098-T Forms

What is a 1098-T Form?

A 1098-T Form, Tuition Statement, reports your tuition and fees for a reportable transaction. This form may help you determine if you can get education deductions/credits for your taxes. HACC is not authorized to provide tax advice to students, parents or other interested parties. Please consult your tax advisor to determine eligibility.

Learn more about the 1098-T form from the Internal Revenue Service website: https://www.irs.gov/forms-pubs/about-form-1098-t

 

What does a 1098-T form include?

Please access the Internal Revenue Service website for complete 1098-T information: https://www.irs.gov/pub/irs-prior/i1098et--2019.pdf

What amounts appear in Box 1?

The amounts in Box 1 includes the Amounts Paid from All Sources during the calendar year up to the amount of Qualified Tuition and Related Expenses. These amounts include cash, scholarships, grants, loans, third party payments and employee tuition benefits. Qualified Tuition and Related Expenses are tuition and fees that are required to be paid to an institution to enroll in a course. The amount reported is not reduced by scholarships and grants reported in box 5.

The Amount Reported in Box 1 is the Total Amount of Payments Received less Any Reimbursements or Refunds made during the calendar year that relate to the Payments Received for Qualified Tuition and Related Expenses during the same calendar year.

What appears in Box 2?

This box is blank

What appears in Box 3?

This box is blank

(Box 4) Adjustments Made for a Prior Year

Payments received: Reimbursements or refunds of qualified tuition and related expenses made in 2019 that related to payments received that were reported for any prior year after 2002.

Amounts billed: Any reductions in charges made for qualified tuition and related expenses made during the calendar year that related to amounts billed that were reported for any prior year after 2002.

(Box 5) Scholarships or Grants

This box contains amounts that include certificates of residency, third party payments, employee tuition benefits, scholarships and grants.

(Box 6) Adjustments to Scholarships or Grants for a Prior Year

This box contains amounts related to adjustments to scholarships and grants that were reported for any prior year after 2002.

(Box 7) Checked if any payments received for qualified tuition and related expenses reported for 2019 related to an academic period that begins in January through March of 2020.

(Box 8) Checked if at least half-time student – At HACC, s half-time student is a student enrolled for at least 6 credits for an academic period that occurred during any academic period that began in 2019.

 

What do I need to do to receive my 1098-T?

If you did not provide HACC your Social Security Number at time of admission, please complete IRS form W-9 (pdf). Submit it to your Campus Welcome Center.

 

When will I get my 1098-T?

HACC mails 1098-Ts by January 31st for previous calendar activity. We mail the 1098-T form to your current/active address on file as of January 1st.

You can also access your 1098-T online on https://my.hacc.edu The electronic version of your 1098-T Tuition Statement will be made available on myHACC by mid-January.

 

Why did I not receive a 1098-T?

HACC will not issue a 1098-T if any of the following conditions are met:

  • Your scholarships and/or grants exceed your qualified tuition and related expenses for the calendar year. This only applies to grants that HACC administers or processes.
  • You were taking courses for which no academic credit is offered, even if you are otherwise enrolled in a degree program
  • Your qualified tuition and related expenses are entirely waived or paid entirely with scholarships.
  • Your qualified tuition and related expenses are covered by a formal billing arrangement between an institutions and the student’s employer or a governmental entity such as the Department of Veterans Affairs or the Department of Defense.
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