Business Office

What is the 1098-T Tuition Payment Statement?

The Taxpayer Relief Act of 1997 states that eligible educational institutions, such as Valencia College, are required to file with the Internal Revenue Service (IRS) and furnish a Form 1098-T to students to assist them in determining eligibility for the American Opportunity Credit, Lifetime Learning Credit, or the Tuition and Fees deduction.  Valencia College has elected to report amounts billed for qualified tuition and related expenses instead of total payments received. Therefore, the amounts reported on the 1098-T may not be the amounts you would report on your tax return.

When and where will the Form 1098- be provided? Can I “GO GREEN!” and consent to access my Form 1098-T online?

Students at Valencia College have the option to GO GREEN and consent to receive their 1098-T tax form electronically. If you have not consented to do so and would like to receive your 1098-T form electronically, please give your consent by logging into your ATLAS account, and clicking on Students Tab. Under Business Office click on IRS Form 1098-T (Electronic Delivery). Consent only needs to be given once and is valid until revoked in writing to the Business Office.

Benefits to receiving the Form 1098-T electronically vs. through regular postal mail:

• Online delivery provides 24/7 access to the Form 1098-T.
• Online delivery eliminates the chance that the Form 1098-T will get lost, misdirected or delayed during delivery, or misplaced once the student receives it.
• Students can receive their Form 1098-T even while traveling or on assignment away from their home address.
• Students can change their minds and withdraw from online delivery at any time.
• You must contact the Business Office anytime after January 31 to request a paper copy of your 1098-T If you decide not to receive your 1098-T Form electronically.”

Why didn’t I receive my 1098-T?

• Valencia College is not required to file Form 1098-T or furnish a statement for:
• Non-credit program courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program
• Nonresident alien students, unless requested by the student
• Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships and grants.
• Students whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student's employer or a government entity, such as the Department of Veterans' Affairs or the Department of Defense.

• Am I eligible to receive the American Opportunity, Lifetime Learning credit or Tuition and Fees deduction?
• Refer to IRS publication 970 and Tax Benefits for Education: Information Center for further information regarding the 1098-T, or consult your tax advisor. Please note that the taxpayer is responsible for determining eligible educational expenses, and should not request from the college instructions related to the eligibility requirements or calculation of allowable education credits or tuition and fees deduction.