1098-T Tuition Statement Information

 

General Dynamics Information Technology:

Set up an account in General Dynamics Information Technology to download or print a 1098-T for any year. Students can create an account by clicking on “First Time Students.” Once the account is created, enter a User ID and Password and click on Login within the main web page.

Banner Self-Service:

Log in to myCommNet and navigate to Student Self Service > Billing/Payment > Tax Year Selection. Tax Year needs to be selected to view the dollar amounts and additional information. Under the statement is the detail displaying the Term, Detail Codes, Description, Amount, and Term Total amounts for each box.

 

Changes to the IRS 1098-T reporting as of Tax Year 2018:

In previous years, your 1098-T may have included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) your institution billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, they now report in Box 1 the amount of QTRE you paid during the year.

Depending on your income (or your family’s income, if you a dependent student), 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. Detailed information about claiming education tax credits can be found in IRS Publication 970, page 9: American Opportunity Credit.

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.

NCCC is unable to provide tax advice, but should you have questions, please seek the counsel of an informed tax preparer or adviser.

Here is a blank sample of the 2018 Form 1098-T, made available as of January 2019. More information about Form 1098-T can be found here.