Where do I find my 1098-T? Is it available on line?
detailed breakdown of each amount shown will be displayed on your 1098-T.
Who do I contact if I have questions about how my 1098-T was calculated?
Why did I receive the Form 1098-T? What is its purpose?
The IRS requires educational institutions to report to students the amount of qualified tuition paid by them during 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?
You paid qualified tuition and related expenses of higher education during the tax year, or you paid 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).
What is on the 1098-T?
Student's taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN). However, the issuer has reported your complete TIN to the IRS. Caution: If your TIN is not shown in this box, your school was not able to provide it. Contact your school if you have questions.
Box 1. Shows the total payments received by an eligible educational institution in 2018 from any source for qualified tuition and related expenses less any reimbursements or refunds made during 2018 that relate to those payments received during 2018.
Box 3. Shows whether your educational institution changed its reporting method for 2018. It has changed its method of reporting if the method (payments received) used for 2018 is different than the reporting method (amounts billed) for 2017. You should be aware of this change in figuring your education credits.
Box 4. Shows any adjustment made by an eligible educational institution 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.
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 7. Shows whether the amount in box 1 includes amounts for an academic period beginning January–March 2019. See Pub. 970 for how to report these amounts.