Did you know you could earn more than just college credit? The money you spend on taking classes could potentially earn you tax credits as well.
As an STLCC student, you may be eligible to claim an education tax credit. IRS Form 1098-T shows information reported to the IRS regarding payment information from STLCC for education expenses during the tax year. For more information about claiming education tax credits, visit the IRS website.
What is an IRS Form 1098-T Tuition Statement
The 1098-T is a form STLCC files with the IRS. This form includes information such as:
Payments Received for Qualified Tuition and Related Expenses
The IRS requires the college to provide information regarding payments received (Box 1) as well as other related information. For 2019 the reporting method for STLCC is payments received (Box 1).
Box 1 of the form will show qualified tuition and related expenses paid during the
calendar year (Jan. 1 through Dec. 31, 2019). If you registered for an academic period beginning January-March 2020 in the 2019 calendar year, these amounts will be included as amounts paid on your 2019 tax form (if payment made by Dec. 31, 2019) and Box 7 of your tax form will also be checked.
Generally, qualified education expenses are amounts paid in 2019 for tuition and fees required for the student's enrollment or attendance at an eligible educational institution.
Scholarships or Grants
Box 5 of the form reports the total of scholarships and/or grants administered and processed by STLCC during the calendar year. The amount reported in Box 5 does not include student loans or work study.
The amount of any scholarships or grants reported for the calendar year may reduce the amount of any allowable tuition and fee deduction or education credit you’re entitled to for the 2019 tax year.
Additional Information Reported
Box 8 shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at STLCC for at least one academic period during the calendar year.
Electronic 1098-T Option
St. Louis Community College is offering you the opportunity to retrieve your Form 1098-T online. We have contracted with a specialized provider, Tab Services. IRS regulations state that students who wish to receive the 1098-T electronically must also provide consent electronically.
Go to www.tsc1098t.com
Enter the Site ID: 11569
User Name: Student ID (A#)
Password: Last 4 digits of your SSN
*If you are an international student without an SSN or have otherwise not provided your SSN to the college, the temporary password will be 0000. Submitting this temporary password in the login screen will initiate a password reset process with your email on file.
If you have additional questions regarding your 1098-T Tuition Statement, please contact:
STLCC Student Accounts Department
*NOTE: St. Louis Community College cannot provide professional tax advice. Please consult with a tax professional if you have tax related questions and/or require assistance with filing your taxes.