Where do I find my 1098-T?
Frequently Asked Questions
Why did I receive the Form 1098-T? What is its purpose?
NOT A BILL OR REQUEST FOR PAYMENT
The IRS requires educational institutions to report to students the amount of qualified tuition and related expenses (fees) billed to them or paid by them during the calendar year. The Chabot Las Positas Community College District (CLPCCD) reports the total amount billed (not paid) for the calendar year. The purpose of the form is to help the student determine whether you are eligible to claim an Education Tax Credit on your income tax returns. The 1098-T tuition statement has been furnished to you by the CLPCCD if you were enrolled in Chabot College or Las Positas College.
What is an Education Tax Credit?
The Federal government currently allows for an educational tax credit called “The American Opportunity Tax Credit”. This credit is designed to reduce the income taxes paid by those students who pay their college tuition fees and course materials. Detailed information can be found in IRS Publication 970. If you meet the eligibility requirements, the credits may be used to reduce the amount of income tax you have to pay. Generally, you may be eligible to claim education credits if:
You pay qualified tuition and related expenses of higher education You pay the tuition and related expenses for an eligible student
The eligible student is either yourself, your spouse or a dependent for whom you can claim an exemption on your tax return (for example, your dependent child)
Is my 1098-T statement available on line?
Yes, you can access the electronic version of your 1098-T tuition statement. Simply log on to Class-Web and go to Student Services and then Student Records. Click on Tax Notification (1098-T Form) as seen on the image above.
Your electronic 1098-T with a detailed breakdown of each amount shown will be displayed.
On the back of the 1098-T:
Box 1. Shows the total payments received in 2017 from any source for qualified tuition and related expenses less any reimbursements or refunds made during 2017 that relate to those payments received during 2017.
Box 2. Shows the total amounts billed in 2017 for qualified tuition and related expenses less any reductions in charges made during 2017 that relate to those amounts billed during 2017.
Box 3. Shows whether your educational institution changed its reporting method for 2017. It has changed its method of reporting if the method (payments received or amounts billed) used for 2017 is different than the reporting method for 2016. You should be aware of this change in figuring your education credits.
Box 4. Shows any adjustment made for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit that you claimed for the prior year (may result in an increase in tax liability for the year of the refund). See “recapture” in the index to Pub. 970 to report a reduction in your education credit or tuition and fees deduction.
Box 5. Shows 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 (including those not reported by the institution) may reduce the amount of the education credit you claim for the year.
TIP: You may be able to increase the combined value of an education credit and certain educational assistance (including Pell Grants) if the student includes some or all of the educational assistance in income in the year it is received. For details, see Pub. 970.
Box 6. Shows adjustments to scholarships or grants for a prior year. This amount may affect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year. You may have to file an amended income tax return (Form 1040X) for the prior year.
Box 7. Shows whether the amount in box 1 or 2 includes amounts for an academic period beginning January–March 2018. See Pub. 970 for how to report these amounts.
Box 8. Shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at the reporting institution.
Box 9. Shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential.
Box 10. Shows the total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer. The amount of reimbursements or refunds for the calendar year may reduce the amount of any education credit you can claim for the year (may result in an increase in tax liability for the year of the refund.