1098-T Tuition Statement
The 1098-T Tuition Statements for each tax year are available on Self-Service at https://selfservice.austincollege.edu:8443/Student. This information relates to education credits for qualified tuition and related expenses.
Since the college does not bill tuition and fees per calendar year, your 1098-T may not look like you are expecting it to look. The amount on Form 1098-T might be different from what you paid. When figuring the deduction, use only the amounts you paid for qualified education expenses for the tax year in question.
Review your Student Account statements on WebHopper to help determine the qualifying charges. To view statements logon and go to the Student Menu. You will find a link to View Account and Make Payments under the Financial Information section. This link will take you to the Make a Payment page. Open the Student Finance tab and choose Account Summary. You will find links to each of your term based statements listed after the Account Overview.
Austin College reports Box 1 – Payments received for qualified tuition and related expenses. We do not report Box 2. Box 1 amounts are capped at the qualified tuition and related expense amount for this calendar year plus any carryover from the prior year.
We recommend that you review IRS Publication 970, Tax Benefits for Education; and IRS Form 8863, Education Credits, to assist you when completing your tax return. You may obtain these publications from an IRS Office near you or download the information at http://www.irs.gov. Due to the complex nature of these tax regulations, you should contact your tax consultant with specific tax questions.
While Austin College staff will not be able to answer specific tax questions, the Business Office will be happy to answer any questions you may have regarding the transactions between you and Austin College. Please direct those questions to businessoff@austincollege.edu.