About IRS Form 1098T
How to access 1098-T for 2022
To locate 1098T information, log into your Workday Student Portal and click on “Finances”, My Account and View/Print 1098-T.
The option of View/Print 1098-T will be available to students by January 31.
How will students access previous years 1098-T?
For 1098-T information from previous years please contact bursar office at bursar@northampton.edu
Note: Change in Policy: In previous years, NCC reported QTRE (qualified tuition and related expenses) that NCC billed to a student account for the calendar (tax) year (Box 2) . Due to change to institutional reporting requirements under Federal Law beginning with tax year 2018, we will report the amount of QTRE (qualified tuition and related expenses) paid during the year (Box 1)
Box 1 - Payments Received for QTRE (Qualified Tuition and Related Expenses) during the year
Box 2 - This box will be blank. Under Federal Law beginning with tax year 2018, we will report the amount you paid (Box 1) not amount of QTRE (qualified tuition and related expenses) billed during the calendar year.
Box 3 will be blank. This box is only checked if the reporting method has changed from previous years. NCC retains its Qualified Tuition and Related Expenses reporting method.
Box 4 shows reductions to qualified expenses that were reported in the previous tax year. This amount may reduce any allowable education credit you may claim for the prior year. See IRS Form 8863 (external link) or Pub. 970 (external link) for more information.
Box 5 shows total grants and scholarships received and processed by NCC on your behalf. This also includes payments we receive from the trade act, workforce investment, and miscellaneous tuition assistance plans. The amount of scholarships or grants for the calendar year (including those not reported by NCC) may reduce the amount of any allowable tuition and fees deduction or the education credit you may claim for the year.
Box 6 shows any reductions to grants and scholarships received in the previous tax year. This amount may affect the amount of any allowable tuition and fees deduction or educational credit you may claim for the prior year. See IRS Form 8863 for how to report these amounts.
Box 7 - will be checked if the amount in box 1 includes amounts for an academic period beginning January-March.
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 your school. In order to be considered half-time at NCC, you must complete 6 or more credit hours for one full semester.
Box 9 is blank as NCC is an undergraduate institution.
Box 10 is blank as NCC is not an insurer.
Additional Resources:
Below are additional resources for your reference that can provide additional help in completing your taxes.
www.irs.gov/newsroom/tax-savings-from-higher-education-costs
Student Letter regarding IRS Form 1098T (PDF)
