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Student Tax Credit

2022 Education Tax Credit Information – Form 1098-T

Important Note:

Final 2022 1098-T amounts will be available in Banner on Monday, January 31st.

The 1098-T is an informational form; however, it may not contain all the information needed to determine the education tax credit and is not attached to the taxpayer’s federal income tax return. The tax credit is calculated based on actual payments made and the tax credit is claimed on IRS Form 8863. Details of payments posted to the student’s account are available online to students via the secure MySLCC student portal following the directions given below.

In previous years, SLCC reported qualified charges in Box 2 of Form 1098-T. Due to a change in institutional reporting requirements under federal law, beginning with the tax year 2018, SLCC will report payments made for “Qualified Tuition and Related Expenses” (QTRE) during the applicable calendar year in Box 1.

In addition to the payments made for QTRE in Box 1, there may be other qualifying education expenses such as textbooks and required course supplies to be considered when determining the tax credit. Because the tax credit is based on payments for all qualifying expenses, the determined tax credit may not agree with the payments reported to the IRS on Form 1098-T.

Please note that SLCC is not required to furnish a Form 1098-T for the following:

  • 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
  • Students for whom we do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between the institution and the student’s employer or a governmental entity, such as the Department of Veterans Affairs or the Department of Defense.

The taxpayer must determine and calculate the appropriate tax credit he or she may be eligible to claim on the 2022 federal income tax return. Please consult IRS regulations and instructions and/or a tax professional for assistance in claiming your education credits. Specific information and instructions can be found in the following IRS forms and publications:

  • IRS Form 8863 - Education Credits
  • IRS Publication 970 - Tax Benefits for Education

Web Access Instructions and 1098-T Mailing Status

The 1098-T forms for 2022 will be mailed or, if opted-in, delivered electronically to students on or before January 31, 2023. Per IRS regulations, forms are mailed only to students enrolled in courses taken for academic credit, meaning those courses that lead to a postsecondary degree, or other recognized postsecondary educational credential. However, all students may see a facsimile of the 1098-T form and details of all payments and charges posted to their account via the SLCC- MySLCC website using the following directions:

  • Navigate to
  • Log in by entering your username and password.
  • Click on the “Academics & Records” tab.
  • Under the “Academic Records” Section, find & click on “1098-T Tax Notification Form.”
  • Enter “2022” for the tax year and click the “Submit” button.
    (Please note that final amounts for 2022 will not be available until January 31, 2023. Prior year 1098-T information may be viewed and obtained by entering the appropriate tax year in this field. This information can be printed for the taxpayer’s records.)

Section 1: Description of Amounts Found on Form 1098-T

BOX 1 - Payments Received for Qualified Tuition and Related Expenses (QTRE)

Box 1 of Form 1098-T reports the QTRE paid during the calendar year. QTRE includes tuition, fees, and course materials required for a student to be enrolled at or attend SLCC. QTRE does not include the following:

  • 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.
  • Fees for room, board, insurance, medical expenses (including student health fees), transportation, and similar personal, living, or family expenses.

Note that the amount reported in Box 1 is not necessarily the amount the student paid out-of-pocket for QTRE, but the amount paid from any source including scholarships or grants.

BOX 5 – Scholarships or Grants

Box 5 of Form 1098-T reports the total scholarships, grants, waivers, or sponsor-paid amounts that were received and posted to a student’s account in the calendar year 2022. Student loans received are not considered financial aid but are considered student payments.

The amount of any scholarships or grants reported for the calendar year and other similar amounts not reported (because they are not administered and processed by SLCC) may reduce the amount of any allowable education credit the student is entitled to.

BOX 6 – Adjustments to Scholarships or Grants for a Prior Year

Colleges are required to report adjustments to scholarships or grants for school semesters that were reported on a prior year Form 1098-T if those adjustments occurred during the 2022 calendar year. Any adjustments that would have increased the prior year's reported scholarships or grants received are added to the current year reporting in Box 5 and should be included with your current year's tax credit calculation. However, any adjustments that would have decreased the amount reported as scholarships or grants on a prior year form are reported in Box 6.

Please consult IRS regulations and instructions and/or a tax professional for assistance in calculating and claiming an education tax credit.

Section 2: Description of Available Education Tax Credits

American Opportunity Credit & Lifetime Learning Tax Credit

There are two tax credits for qualifying higher education expenses: the American Opportunity Credit (a modification of the previously known Hope Credit) and the Lifetime Learning Credit. Both credits are claimed by filing IRS Form 8863 with the taxpayer’s federal income tax return. The credits are available to help eligible families (individuals) reduce the amount they pay out-of-pocket for tuition and other qualified education expenses for postsecondary education. For more information regarding these two tax credits see IRS Publication 970 Tax Benefits for Education.