1098-T Tuition Statement
In agreement with the “Global Consent” 1098-T forms will only be accessible online, to receive your form by mail please provide a written request to firstname.lastname@example.org providing your name and student ID. (Please do not provide your social security number.)
At tax preparation, students may be advised to provide a record of tuition payments. Students may obtain copies of their tuition payments on the College’s website under the “My Student Records, My registration, Print Options – Schedule Bill” feature through S.O.S http://www.sanjac.edu/soslogin
Hope Scholarship Tax Credit Information
What is the IRS Form 1098-T (Tuitions Payment Summary)?
A college or university that received qualified tuition and related expenses on your behalf is required to file Form 1098-T with the Internal Revenue Service (IRS). The Taxpayer Relief Act of 1997 states that educational institutions are required to file and furnish a Form 1098-T to students whom payments for qualified billed tuition and related expenses were received. The information being reported to the IRS verifies your enrollment with regard to certain eligibility criteria for the Hope Tax Credit, the Lifetime Learning Tax Credit and the Higher Education Tuition and Fees Deduction. However, the enrollment information by itself does not establish eligibility for either credit or deduction.
Note: Continuing Education tuition and fees are not eligible to report to the IRS on the 1098-T form.
How will I receive my 1098-T form?
- Forms will be obtainable online through http://www.sanjac.edu/soslogin under the “My Information” tab. To receive a mailed copy of your 1098-T e-mail email@example.com.
What do the amounts located on the form represent?
- Box 1 is not being used this year for reporting purposes.
- Box 2 represents the total amount billed for tuition and qualified fees that were paid on or after January 1 and on or before December 31 of the tax year.
- Box 3 is checked because San Jacinto College changed its reporting method.
- Box 4 represents any adjustments made for a prior year Form 1098-T. This may reduce any allowable education credit that you claimed for the prior year.
- Box 5 represents the total of all scholarships or grants administered and processed by the eligible educational institution. The amount of scholarships or grants for the calendar year reduce the amount of any allowable tuition and fees deduction or the education credit you may claim for the year.
- Box 6 represents adjustments to scholarships or grants for a prior year. This may affect the amount of any allowable tuition and fees deduction or education credit claimed for the prior year.
- Box 8 is checked if you have been a student for 6 credit hours (half time) or more for one academic period that began during the calendar year.
How does SJC file?
San Jacinto College reports amount billed for tuition and qualified fees that were registered during January 1 through December 31 of the tax year. You may be required to submit receipts for proof of payment. This covers Spring 2015, Summer 2015, Fall 2015 and Spring 2016 (if registration occurred between January 1, 2015 - December 31, 2015. All Spring 2016 registration that occurs after January 2016 will be reflected in 2016 Tax Statement).
Although San Jacinto College provides the information that appears on your 1098-T form, our staff is not qualified to answer any tax-related questions or give tax advice. You are encouraged to contact your individual tax preparer or the Internal Revenue Service (IRS).
Please consult with your tax adviser, or contact the IRS at:
• IRS Help with Tax Questions Telephone: 1-800-829-1040
• Local IRS Contacts:: IRS Link or select one of the following links: