What is a 1098-T Form?
A 1098-T reports your tuition and fees. This 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?
- 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 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.
- Why is Box 3 checked?
The reporting method was changed this year to Payments Received. The method used in previous years was Tuition and Fees Billed.
- Adjustments for a prior year (Box 4)
This field will be blank this year since the reporting method has changed. Reporting in this box will begin in 2019.
- Scholarships or Grants (Box 5)
This box contains certificates of residency, third party payments, employee tuition benefits, scholarships and grants.
- Adjustments to scholarships or grants for a prior year (Box 6)
This box contains amounts related to adjustments to scholarships and grants that were reported in previous years.
- (Box 7) Checked if the amount in box 1 includes amounts for an academic period beginning January – March 2019
- (Box 8) Checked if at least half time student – enrolled in 6 credits for an academic period that occurred during the calendar year of 2018.
Due to the change in reporting method, it is expected that charges reported in the previous year may also be reported as payments in the current year. Box 3, the change in reporting method on the 2018 form, along with box 7 on the 2017 form, must be used by the tax payer/preparer to determine the correct amount to claim on the return.
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 report 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 January 15th.
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.