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Explanation of IRS Form 1098-T

Amounts Billed for Qualified Tuition and Related Expenses

Box 2 of Form 1098-T reports the qualified tuition and related expenses billed to you during the calendar year. Qualified tuition and related expenses are sometimes referred to as qualified education expenses, although the terms are not always interchangeable. For purposes of the Form 1098-T provided by Columbia College Chicago (CCC), the following categories of charges are included or not included in qualified tuition and related expenses:

Qualified Tuition and Related Expenses

Included Not Included
Graduate and Undergraduate Program Tuition Housing Charges and Fees
Instructional Course Fees Required for Enrollment Health Center Fee
Registration Fee UPASS Fee
Activity Fee Late Fees
Student Account Maintenance Fee
NSF Fee
Graduation Fee
Book Charge
Student Insurance
Campus Card Credit
Equipment Fines/TV Department

CCC is choosing to report qualified tuition and related expenses that were billed during the calendar year, rather than the amount that was paid. In general, qualified tuition and related expenses are considered to be billed when you register for classes.

Qualified Tuition and Related Expenses Reduced by:

The amount shown in box 2 for qualified tuition and related expenses billed during the calendar year may represent an amount that is different from the amount actually paid during the calendar year, although for many students the amounts will be the same. Under section 25A of the Internal Revenue Code and the associated regulations, a taxpayer may take a tuition and fee deduction or claim an education tax credit only with respect to qualified tuition and related expenses actually paid during the calendar year. You may not be able to take a tuition and fee deduction or claim an education credit with respect to the entire amount billed and reported in box 2.

Adjustments Made For a Prior Year

Box 4 of Form 1098-T reports adjustments made to qualified tuition and related expenses reported on a prior year Form 1098-T in Box 2. The amount reported in Box 4 represents a reduction in tuition billed during a prior calendar year. For example, if you were billed for Spring semester classes in December and dropped a class in January, Box 4 reports the decrease in billed tuition due to the withdrawal. The amount reported in Box 4 for adjustments to qualified tuition and related expenses may reduce any allowable education credit you may claim for the prior year. See IRS Form 8863 or IRS Publication 970 for more information.

Scholarships or Grants

Box 5 of Form 1098-T reports the total of scholarships or grants administered and processed by CCC Student Financial Services (SFS) during the calendar year. The amount reported in Box 5 does not include:

Excluded from Scholarships or Grants:

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 CCC) may reduce the amount of any allowable tuition and fee deduction or education credit to which you are entitled.

For information on Veteran's Education Benefits, please visit either the IRS or the Department of Veterans Affairs website.

Adjustments to Scholarships or Grants For a Prior Year

Box 6 of Form 1098-T reports adjustments made to scholarships or grants reported on a prior year Form 1098-T in Box 5. The amount reported in Box 6 represents a reduction in scholarships or grants reported for a prior calendar year. The amount reported in Box 6 for adjustments to scholarships or grants may affect the amount of any allowable tuition and fees deduction or education credit you may claim for the prior year. See IRS Form 8863 for how to report these amounts.

Additional Information Reported

There are three additional information boxes that may have a check mark in them.

Box 7 indicates, if checked, that Box 2 includes amounts for an academic period beginning in the next calendar year. Note: CCC does not include charges in Box 2 for an academic period beginning in the next calendar year.

Box 8 shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at CCC for at least one academic period during the calendar year. If this box is marked, you meet one of the requirements for the Hope tax credit. You do not have to meet the workload requirement to qualify for the tuition and fee deduction or the lifetime learning credit.

Box 9 shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential. If you are enrolled in a graduate program, you are not eligible for the American Opportunity credit, but you may qualify for the tuition and fee deduction or the lifetime learning credit.

Attaching Form 1098-T to Your Tax Return

You are not required to attach IRS Form 1098-T to your tax return. The IRS Form 1098-T is not like the IRS Form W-2 obtained from your employer, which is required to be attached to the tax return filed with the IRS. The primary purpose of the IRS Form 1098-T is to let you know that CCC has provided required information to the IRS to assist them in determining who may be eligible to claim the tuition and fee deduction or an education credit.

If Your 1098-T is Incorrect

The Social Security Number and address on Form 1098-T were obtained from information provided to CCC, although the address shown on Form 1098-T is irrelevant for IRS income tax filing purposes. The single most important information on the form is your Social Security Number. Your Social Security Number must be correct. If your Social Security Number is incorrect, please contact SFS at 1-866-705-0200.

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