About Form 1098-T
Depending on your income (or your family’s income, if you are a dependent), whether you were considered full- or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. You can find detailed information about claiming education tax credits in IRS Publication 970 - PDF.
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
Elgin Community College 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.
Below is a blank sample of the 2019 Form 1098-T that you will receive in January 2020 for your general reference.
- Download 2019 form 1098-T - PDF
2019 Form 1098-T Sample:
Accessing Your 1098-T
Log in to your account through the accessECC Portal and choose the 'Self-Service' app; log in again if prompted. From the self-service menu, choose 'Tax Information'. You will then be able to select the applicable tax year and print your 1098-T.
SSN, ITIN, & 1098-T FAQ
While the Internal Revenue Service (IRS) requires ECC to request SSNs/ITINs, you do not need one to register for classes.
Undocumented students can enroll in college using the same application as their documented peers and are eligible to apply for scholarships. If you qualify for Deferred Action for Childhood Arrivals (DACA), you may also have a work permit, allowing you to get a job on campus. Undocumented students with questions are invited to call 847-214-6928.
The IRS requires us to notify students that failure to provide an SSN or ITIN could result in a financial penalty by the IRS to the student. Further, the student may not be allowed to claim the American Opportunity Tax Credit if an SSN or ITIN is not provided by the annual tax filing deadline. For more details, please see section 6109 of the Internal Revenue Code.
If you do not have an ITIN, apply for one immediately. You can do this at your local Social Security Administration Office or obtain any of the forms noted below online.
To apply for an SSN, get Form SS-5, Application for a Social Security Card.
To apply for an ITIN, use Form W-7, Application for IRS Individual Taxpayer Identification Number.
What if I applied for an ITIN or I plan on applying soon. Should I still complete the W-9S?
If you are asked to complete the W-9S form but do not yet have your Individual Taxpayer Identification Number (ITIN), apply for an ITIN using the Form W-7, write "Applied For" in the space for the ITIN, sign, and date the form, and give it to the requester. Note: Entering "Applied For" means that you have already applied for an ITIN or that you intend to apply for one soon.
Colleges provide a statement of tuition and expenses (for yourself or a dependent) using Form 1098-T. This informational form that lets students know they may qualify for the American Opportunity Tax Credit. The form is required by the IRS to report payments for qualified educational expenses. Qualified educational expenses include courses for which you receive academic credit. It should not be considered as tax opinion or advice. Please consult with your tax advisor to find out what additional information you need to qualify for the tax credit. Visit irs.gov for more information.
Generally, students receive a Form 1098-T Tuition Statement by January 31. Keep it with your tax documents and consult your tax preparer to determine if you are eligible to take advantage of the American Opportunity Tax Credit.
To claim AOTC, you must complete the Form 8863 and attach the completed form to your Form 1040.
If you have previously consented to electronic format and have not revoked consent, then you will not have to renew your consent. Your 1098-T will be available in electronic format only.
Note: If you now want a paper copy, you will need to access the 'Tax Information' screen from accessECC portal's 'Self-Service' and click 'Change Preferences'. This should be done before December 31.
Yes. Simply log in to accessECC portal, choose 'Self-Service' and select the 'Tax Information' link. You can then change your preference to electronic delivery of your 1098-T. This enables you to print the current year and prior year's 1098-Ts.
Note: Remember by doing this, you are opting in to receive your 1098-T online for future years.
Yes. You can by following the instructions provided in accessECC portal's 'Self-Service' and consent to electronic format. However, you will be consenting to electronic delivery for future years and will no longer receive your 1098-T by mail.
You may not have had payments for the tax year. In other words, ECC reports the payments for qualified educational expenses on your account from January 1 to December 31 of the tax reporting year. It can get confusing due to the timing of the registration and term cycles.
Most likely, you signed up for your spring term classes and began making payments before December 31 of the prior tax reporting year. Therefore, the charges would have been reported on last year's 1098-T.
All payments, including financial aid, scholarships or sponsorships will be included in Box 1 up to the total of Qualified Tuition & Related Expenses. Any scholarships, grants, third party sponsorships, or other gift aid will be shown in Box 5 on the 1098-T.
ECC began providing 1098-Ts online starting with the 2008 tax reporting year. You can access this on your own if you need a 1098-T for 2008 or later. If you need one prior to that year, contact at 847-214-7380. We can provide you with the information ECC reported to the IRS but may be unable to provide you with the actual form. The IRS does not require you to submit the form with your tax return.