Are you looking for your 1098T form? Do you have questions? Most questions are answered by reading this detailed information about the 1098T process. If you still have questions after reading this, please contact your school. When emailing, include your full name and student ID number.
CCV
802.262.6558
ccvstudentaccounts@ccv.vsc.edu
Castleton University
802.468.6070
financial_registration@csc.vsc.edu
Northern Vermont University
802.635.1671
1098t@nvu.vsc.edu
Vermont Technical College
802.728.1301
vtcstudentaccounts@vtc.vsc.edu
1098Ts are available after January 31st to students and parents who are authorized* by their students to view them. Students, former students and authorized users can access the current and recent year 1098T forms on the VSC bill payment site. 1098Ts are also available to current students in Tax Information Self Service.
Viewing and Printing your 1098T
Make sure you have the most current version of Adobe Reader and that your pop-ups are not blocked. If you enable them during your visit, you will have to log out completely of your browser and back in to activate. If you are using a Mac computer, open by using Safari and enable pop-ups.
Former Students: Reset your password at reset.vsc.edu. You will need your student ID#.
Students:
- Go to the VSC Bill Payment Site
- Select “Student and Staff” and log in using your VSC Portal ID and password**
- Consent to viewing documents electronically, if requested
- All available 1098T forms will appear under “Statements” on the home page
**Request your username or reset your password by following the “forgot” links on the log in page of the VSC portal site. If your account is locked or you have other difficulties, please submit an IT Help Desk login problems form.
Authorized users:
- Go to the VSC Bill Payment Site
- Select “Authorized Users” and log in with your email and password***
- Consent to viewing documents electronically to view the site, if requested
- All available 1098T forms will appear under “Statements” on the home page
***Your username is the email address your student used to set you up as an authorized user. If you need to reset your password, use the “forgot password” link on the VSC Bill Payment Site after selecting Authorized Users.
If the form does not appear on the site, please contact your student and ask them to enable your access using the instructions below.
*For student to add or change an authorized user:
- Go to the VSC Bill Payment Site
- Select “Student and Staff” and log in using your VSC Portal ID and password**
- Under “My Profile Setup” select “Authorized Users“
- Edit a current authorized user or add a new one
- Select “Yes” to allowing this person to view your 1098T statement
Once added, authorized users will receive login information via email.
Payments are reported on 1098T forms for the 2022 year. You can view detailed charges and payments on the VSC Bill Payment Site and a yearly summary is available by logging in to your 1098T student account summary using your Portal user ID and password.
PLEASE NOTE– Vermont State Colleges must have your correct identifying number to file Form 1098T, Tuition Statement, with the IRS and to furnish a statement to you. This will be your Social Security number (SSN) or, if you are not eligible to obtain an SSN, your individual taxpayer identification number (ITIN). Form 1098T contains information about qualified tuition and related expenses to help determine whether you, or the person who can claim you as a dependent, may take either the tuition and fees deduction or claim an education credit to reduce Federal income tax. For more information, see IRS Pub. 970, Tax Benefits for Higher Education. To add, update or correct your SSN or ITIN number, please use the form W9s and mail, fax or drop off at your college.
Understanding your 1098T
- Room and meals are not considered qualified tuition costs. Included are tuition, student activity fee, facility fees and some course fees. Therefore, you will not find room & meal charges reflected on your 1098T’s.
- If box 1 and 5 are the same amount, a 1098T is not issued because there is no tax benefit or tax implications.
- The following will help you understand how box 1, 4, 5 and 6 on the 1098T is calculated for 2022 tax year. All net credits incurred in 2022 for prior individual years will go in only box 4 of the 2022 1098T form and no negative values in any 1098T boxes whatsoever. Excerpts below are taken directly from the IRS website*:
The VSC uses the Box 1 method** for reporting to the IRS.
Box 1. Payments Received for Qualified Tuition and Related Expenses**
Enter the total amount of payments received for qualified tuition and related expenses from all sources during the calendar year. The amount reported is the total amount of payments received less any reimbursements or refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year. The amount reported is not reduced by scholarships and grants reported in box 5. Include in this box the receipt of a payment of past-due qualified tuition or related expenses from a previous calendar year, but only if the educational institution previously billed the student for such amount(s).
Box 4. Adjustments Made for a Prior Year
- Payments received. Enter reimbursements or refunds of qualified tuition and related expenses made in 2022 that relate to payments received that were reported for any prior year after 2002.
- Amounts billed. Enter any reductions in charges made for qualified tuition and related expenses made during the calendar year that relate to amounts billed that were reported for any prior year after 2002.
Box 5. Scholarships or Grants
- Grant or scholarship administered in 2022 for any current and future terms
Box 6. Adjustments to Scholarships or Grants for a Prior Year
- Reduction in the current tax year for grant or scholarship administered in prior years
*https://www.irs.gov/pub/irs-prior/i1098et–2022.pdf
**https://www.irs.gov/pub/irs-drop/a-16-42.pdf
Please consult your tax advisor with specific questions on how you use the 1098T or the implications of your tax refund; we are unable to answer tax-related questions.
