1098T Tax Credit Information
Heartland ECSI will have 2017, 2018, and 2019 1098T information in their system. For any forms older than 2017 please contact the Student Financial Services Office directly.
We can only provide reprints for a prior year.
Current year forms are only available through July 1.
Changes for 2018 and forward:
In years prior to 2018, your 1098T included a figure in Box 2 that represented the Qualified Tuition and Related Expenses (QTRE) we billed to your student account for the calendar (tax) year.
Due to a change in institutional reporting requirements under federal law, beginning with tax year 2018, (forms you received in 2019 and going forwardwill receive in 2019) we will report in Box 1 the amount of QTRE you paid during the year.
Your 1098T may or may not include all payments made in a tax year. Qualified payments are based on qualified charges and may not be the total amount paid in a tax year. Your Box 1 may be blank as a result.
The tax credit is a calculable box which may/may not represent all amounts paid by you. The payments are those deemed to have been paid during the tax year for qualified expenses. However the amount on form 1098T might be different from the amount you actually paid. In addition form 1098T may give you other information including adjustments made to a prior year scholarships/grants and reimbursements.
We cannot give tax advice therefore please contact a tax professional for further information. You may also check Publication 970 for further information.
Depending on your income (or your family’s income, if you are a dependent), whether you were considered enrolled full or half-time, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)
The dollar amounts reported on your Form 1098T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
We cannot give tax information therefore it is best to talk to an accountant or tax preparer to determine if you qualify. If your form is not available online, please contact us at firstname.lastname@example.org.
For a complete copy of your tuition bill for tax purposes, please contact Student Financial Services directly at email@example.com.
If you have any questions, please visit http://www.ecsi.net/taxinfo.html for information regarding your tax documents and to obtain contact information for Heartland ECSI.
IRS Pub 970 www.irs.gov/pub/irs-pdf/p970.pdf
IRS Form 8863 www.irs.gov/pub/irs-pdf/f8863.pdf
For Canadian Students: Please provide the Canadian form to Ms. Loretta Edwards, Myrtle Hall 6th Floor, to be completed and returned to you. Please allow 48–72 hours for the form to be completed.
Pratt Institute cannot legally provide tax advice. Please consult with a qualified tax preparer or the IRS if you have questions concerning how to use this form on your taxes.
For additional support please review the following resources and websites: