What is Form 1098-T?
The 1098-T is the IRS Tuition Statement. Eligible educational institutions are required by the federal government to send Form 1098-T to students for whom payments for qualified tuition and fees were received in calendar year 2019.
When will the paper forms be sent?
IRS Form 1098-T is mailed each year by January 31st to any student who the college received payment for during the prior calendar year regardless of the method of payment (financial aid, cash payment, employer or agency payment) and did not choose to receive their form electronically. (Example: 2019 Form 1098-T will be mailed by January 31, 2020)
How can I get a reprint of my 1098-T form?
You can reprint any already released 1098-T by logging into WebAdvisor under the Students Main Menu by selecting “View my 1098-T Forms”.
Why did I receive Form 1098-T?
Form 1098-T has been provided to you to assist in determining if you, or the individual who may claim you as a dependent, are eligible to claim a Lifetime Learning Credit or an American Opportunity Credit on your 2019 income taxes.
If I receive Form 1098-T, does it mean I qualify for the Lifetime Learning Tax Credit or an American Opportunity Credit?
No. The college is required to provide Form 1098-T to individuals any time payments were received for qualified tuition and fees during calendar year 2019. Please consult with a qualified tax preparer or CPA to make an individual determination. Employees of Schoolcraft College cannot offer tax advice.
What if I think the information on the 1098-T is incorrect?
If you believe the information provided is incorrect, please call 734-462-4586 with your name and student ID number. We find that most of the confusion relates to how the amounts are determined. Keep in mind that the Form 1098-T amounts are determined by calendar year and may not coincide with semesters. For example, if you registered for Winter classes and paid some of your tuition in December and the remaining tuition amount was paid in January the tuition amounts will be reflected on different years Form 1098-T.
Why did I not receive a 1098-T when I attended Schoolcraft College?
There are several possibilities including but not limited to:
- You attended Schoolcraft College in Winter 2019 but you registered and paid in calendar year 2018. (This information would have been represented on your 2018 Form 1098-T)
- We do not have a valid United States mailing address on file for you.
- You are classified as a non-resident alien.
- You registered for only non-credit courses.
What if I didn't get a 1098-T form?
If you feel you should have received a Form 1098-T but did not, please verify that the form was not mailed to an invalid address. You can reprint any previously released Form 1098-T from WebAdvisor.
I am an international student; can I claim a credit?
Generally, international students cannot claim the credit, although some students may be eligible. Please review the IRS guidelines and/or contact your tax consultant for advice.
What if I have further questions?
Schoolcraft College has sent the forms in compliance with the IRS guidelines. However, we cannot offer any tax advice on the issue. Please contact the IRS and/or your tax consultant for further information. The links below will take you to different areas of the IRS website (www.irs.gov) that may provide you with helpful information regarding tax credits available to college students.
IRS Education Credits: Questions and Answers:
IRS Publication 970: Tax Benefits for Education
IRS About Form 8863: Education Credits (American Opportunity and Lifetime Learning Credits