Find out today how an education at TCTC will get you ready for an immediate career path.
With dozens of clubs and organizations here, we make it easy to get involved!
Find out today how an education at TCTC will get you ready for an immediate career path.
With dozens of clubs and organizations here, we make it easy to get involved!
The Internal Revenue Service (IRS) requires all colleges and universities to file form 1098-T for each student who attends their college. This form is an informational return for your personal records and is not required to be submitted with your tax return. The 1098-T form that the student receives either in the mail or accesses online is the information that was sent to the IRS by TCTC.
The IRS requires schools to report the total amount of payments received for qualified tuition and related expenses received between January 1 and December 31 of the reporting year. Qualified tuition and related expenses are tuition and fees a student is billed for enrollment or attendance at an eligible educational institution. Examples of “qualified” expenses include tuition, course materials fee, digital course content fee, program fee, enrollment fee, packet fee, health deposit, clemson facility fee, btc reg admin/program fee. Examples of “non-qualified” expenses include parking decal, housing and dining plans, payment plan enrollment fee, any test fee, application fee, bookstore charges.
A student may consent to receive his/her 1098-T electronically.
If you do not wish to receive your 1098-T electronically, TCTC will mail it by January 31. Be certain your mailing address is current and updated in MyTCTC.
NOTE: If you did not provide an SSN/TIN, TCTC would be unable to report it on your 1098-T form. Please note the IRS can impose a penalty on any individual required (but failed) to supply an SSN/TIN to TCTC.
TCTC is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.