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1098T Tax Form Information

The IRS tax laws state that all tax documents must be mailed on or by January 31st. MTC has until January 31st to send out all 1098 tax documents.

Click HERE to download the Marion Technical College 1098T Instructional Guide.

 

What is a 1098-T tax form?

The 1098-T form is used by eligible educational institutions, including Marion Technical College, to report information about its certificate-seeking students to the IRS as required by the Taxpayer Relief Act of 1997.

The tax form is MTC’s report to you of the amount of Out of Pocket, tuition expenses that have been billed to you during the calendar year. We do not report any scholarships or grants that have been credited to your account during that year…only the amount you actually paid.

What are students supposed to do with the form when they receive it?

The 1098-T form simply is a reminder that students (or their parents) ,may have tax reporting responsibilities or may have the ooportunity to take an education tax credit.

Who receives a 1098-T form?

Students who are U.S. citizens OR permanent residents and whose enrollment activities are leading to a post-secondary certificate/degree will receive a completed 1098-T form from Marion Technical College.

Who does not automatically receive a 1098-T form?

The following students do not receive a 1098-T form:

  • nonresident alien (international student)
  • students enrolled in courses that do not lead to a post-secondary certificate/degree at Marion Technical College (e.g. continuing Workforce Education Students or Adult education Students students
  • students whose tuition is entirely waived or paid for by scholarships and/or grants
  • students with a Third Party Contract which pays 100% of tuition

When do students receive the 1098-T form?

Marion Technical College send 1098-T forms out to students by January 31st each year.

Who should a student contact with questions about the content of their 1098-T form?

Students can contact the Marion Technical College at 352-671-7200 with any questions about the content of the 1098-T.