Tax Form 1098-T

Summary

If a student incurs out-of-pocket expenses during the course of the year, they will receive a 1098-T at the end of January.

Body


Overview

The 1098-T form is used to report payment information for students to the Internal Revenue Services (IRS) as required by the Taxpayer Relief Act of 1997.


Details

1098-T forms are mailed (to the address on file for your MyVWCC account) by the end of January each year.

The 1098-T form is a tuition payment statement used to report tuition and educational related expenses to the Internal Revenue services (IRS) and to the student as required by the Internal Revenue Code. It provides the dollar amount of cash, check and credit card payments made for tuition and fees in the current year. Tuition and Fees paid in a prior year for the next year’s term must be claimed in the year paid.

Students whose qualified tuition and related expenses that were totally refunded, waived, paid by scholarships, grants (Federal PELL, SEOG, etc.) or state grants (COMA, VGAP, etc) or third parties will not receive a 1098-T.

1098-T’s are not mailed to students who have not included their Social Security Numbers in their student account at VWCC (IRS Requirement); forms are mailed to address on file. Please ensure your address on file is current.

Students may visit the website below to view any available 1098-T documents in the system.

Maximus


Additional Resources

For additional support, contact the Maximus site or the Virginia Western Cashiers.

Maximus: (833) 604-9184

VWCC Cashiers: (540) 857-7201

Details

Details

Article ID: 151215
Created
Thu 5/2/24 12:22 PM
Modified
Tue 8/13/24 1:29 PM