1098-T FAQs

Educational Tax Benefits FAQs

What is a 1098-T?

The 1098-T form contains information to assist a student in filing the education tax benefits/tax credit deductions, such as the American Opportunity Credit (a modification of the Hope Credit) and Lifetime Learning Tax Credits. For more information on these tax credits please visit the IRS web site http://www.irs.gov/publications/p970/ar01.html.

When will I receive my 1098-T?

Kentucky Community & Technical College System mails the 1098-T forms via U.S. Mail by January 31st.

Why did I receive a 1098-T?

As an eligible educational institution Kentucky Community & Technical College System is required to send a 1098-T form to any student enrolled and had qualified tuition expenses paid ‘out-of-pocket” during the previous calendar year.

Why did I not receive a 1098-T?

• 1098-T may not be issued for several reasons:
• IRS exceptions for not furnishing a 1098-T are:
• 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 or grants (PELL, CAP, SEOG are examples)
• Students who had all of their qualified tuition and related expenses paid by the student’s employer or governmental entity
• You did not provide your Social Security Number (SSN). If you provide your SSN to your local Student Records Office and do not fall into the other exceptions we can produce and send a 1098-T form to you.
• Your 1098-T form was sent to an incorrect or old address. If you provide a current address to your local Student Records Office we can produce and send a 1098-T form to you.

What are qualified tuition and related expenses?

The IRS classifies qualified tuition and related expenses as charges a student must pay ‘out-of-pocket’ to be enrolled at or attend Kentucky Community & Technical College System.

The following are not qualified tuition and related expenses:

• Amounts paid for any course or other education involving sports, games, or hobbies, unless the course or other education is part of the student’s degree program or is taken to acquire or improve job skills.
• Charges and fees for room, board, insurance, medical expenses (including student health fees), transportation, and similar personal, living or family expenses.

Can I get a copy of my 1098-T from previous years?

Yes, if you were eligible to receive a 1098-T from a previous year you may contact your local college Business Office or contact the 1098-T voice mail number 1-859-256-3398 (please leave your name, student ID, last for digits of your Social Security Number, current address, tax year request and brief message.)

Why was my housing and dining not included on the 1098-T?

Charges and fees for room and board are not qualified as tuition and related expenses by the IRS.

I had combination of financial aid, loans and ‘out-of-pocket’ payments yet I did not receive a 1098-T?

The 1098-T form is based on a calendar year (January 1 – December 31). If your total financial aid for a calendar year was equal to or greater than your qualified tuition and related expenses in a calendar year, you will not receive a 1098-T.

What is Academic Credit?

The IRS classifies academic credit as credit awarded by an eligible educational institution for the completion of course work leading to a postsecondary degree, certificate, or other recognized postsecondary educational credential.