1098-T FAQ Answers

Why are there no payments listed in Box 1 on my 1098-T Form?

HCC can only report information in either Box 1 or Box 2, not both, as the IRS requires that only one method be used.  HCC has chosen to report amounts in Box 2, which are qualified tuition and fees billed from January 1 through December 31.

If Box 1 is empty, it does not mean that you did not pay or owe tuition.  Please refer to your receipts or to your OwlNet student account for this information.

Why does Box 2 seem lower or higher than expected?

Box 2 only contains amounts that were billed January 1 through December 31 of that year.  Courses are considered billed when a student registers for class. Many students register for their winter and spring courses the previous November when early registration begins. For example, if a student registers in November 2014 for the winter 2015 semester, the winter charges will be on the 2014 tax form and not on the 2015 tax form.

Why do my charges listed in Box 2 not match last year’s tuition?

Box 2 (Amounts Billed) should match the amounts billed to you for tuition and fees for the calendar year. For example, if you registered for the winter semester in November or December of last year, that amount would have been included on the prior year’s 1098-T form in Box 2. In addition, the prior year’s tax form will have Box 7 checked to reflect that fact.

Can my tax professional or those individuals claiming me as a dependent be sent my 1098-T tax form directly?

As required by FERPA (Family Educational Rights & Privacy Act), this information can only be provided directly to the student. Students, who are claimed as a dependent on another person’s tax return, should provide the form directly to that party.

Further Questions?

Questions may be directed to the HCC Tax Information Line at 443-412-2473. This line is monitored Monday through Friday from 8 a.m. to 3 p.m.