In accordance with the college’s policy, Mount Wachusett Community College will be sending the official 1098-T tax form by US Mail by January 31. The 1098-T will continue to be available for viewing on the student’s iConnect account.
If you have any questions please contact the Student Accounts Office at 978-630-9169 or at firstname.lastname@example.org.
A qualified tax preparer should be contacted for assistance on how to use this form. The information on the 1098-T page should be used to assist students in understanding:
- what the 1098-T form is used for
- who will receive a 1098-T form
- what information will be reported on the 1098-T form
1098-T Frequently Asked Questions
What is a 1098T Form?
The 1098T form is a statement that educational institutions are required to issue to certain students. It provides the total dollar amount paid by the student for qualified tuition and fees in a single tax year.
When will I receive my 1098T Form and how do I get it?
1098-T Tax Statements are due by January 31st each year. You may view your 1098-T form online through iConnect using the “1098-T” icon. A copy of your form will also be sent to your mailing address.
Why don’t the numbers on the 1098T Form match the amount I paid to MWCC during the year?
The amount in Box 1 only represents the amount paid for qualified tuition and fees; it does not include payments made for health insurance, fines and other fees not related to course enrollment.
The amount in Box 1 reports amounts that the student paid in a certain year, and the pay date does not necessarily correspond to the dates that the classes were attended. The best and most accurate source of information about the amounts that you paid for qualified tuition and related expenses will be your tuition bills.
Does that 1098T tax form include payments made for books?
No, the amount reported in Box 1 does not include payments for books. You should consult with your tax advisor to determine under what conditions (if any) payments for books, equipment or fees should be considered when determining eligibility for educational tax credits. They will not be reported on the 1098T.
What semesters are included on my 1098T tax form?
Box 1 on the 1098T tax form includes payments made during the calendar year for qualified tuition and fees; it is not based on when classes were taken or fees billed to the student account. Your tuition bill will show the dates that payments were posted to your account and will help you determine the semesters that are included
What are qualified tuition and fees?
Qualified tuition and related expenses are tuition, fees and course materials required for a student to be enrolled at or attend an eligible educational institution.
My SSN is wrong or missing on my 1098T form. What should I do?
If your SSN or TIN is missing or invalid, please submit the following to the Records Office at email@example.com:
- A signed statement requesting that the SSN/TIN be added to your record; the statement should include the correct SSN/TIN and your Student ID number
- A photo ID
- A copy of your Social Security Card or a completed W-9S form https://www.irs.gov/pub/irs-pdf/fw9s.pdf
I never received my 1098T form in the mail.
The quickest way to access a copy of our form is to use your access through iConnect using the “1098-T” icon.
Your form is mailed to your home address on file at MWCC. If you did not receive this document in the mail, it is possible your address on file is out of date. Please submit any updates in iConnect. Go to Forms & Documents and select Change of Name/Gender/Address/Phone.
Where can I get more information on the 1098T?
For additional information, please visit:
- The Internal Revenue Service (IRS) Website at irs.gov
- IRS Frequently asked Questions: http://www.irs.gov/pub/irs-pdf/p970.pdf
- IRS Tax Form: http://www.irs.gov/pub/irs-pdf/f8863.pdf
- Tax Benefits for Education
Any additional questions, please reach out to Student Financial Services at 978-630-9169 or firstname.lastname@example.org.