Effective January 1, 2018, the IRS requires colleges to report PAYMENTS RECEIVED. Prior to 2018, Ulster County Community College reported Qualified CHARGES BILLED in Box 2.
Form 1098-T is a form that colleges are required to issue to students for the purpose of determining a tax payer's eligibility for various tax credits and/or deductions.
The IRS does not require a form to be provided for:
QTRE's are defined as tuition and fees required for the enrollment or attendance of a student for courses of instruction at an eligible institution. QTRE's do not include parking tickets, transcripts, and books regardless of whether the fee is paid to the institution. Please refer to IRS Publication 970 Tax Benefits for Education for additional guidance. Ulster County Community College cannot legally provide tax advice. Please consult a qualified tax preparer or the IRS if you have tax-related questions.
Students will see Box 1 populated to reflect payments made toward QTRE in the previous calendar year. This was new for 2018. In prior years, Ulster County Community College populated Box 2, charges billed. Because we are now required to populate Box 1, Box 2 is no longer used and is grayed out on the form.
Keep it for your personal records and share it with your tax preparer. Ulster County Community College sends your 1098-T information to the IRS. The information on the form will help you determine if you may claim various tax credits and/or deductions. Please be aware that the 1098-T captures financial information on a calendar year basis (January 1 to December 31). You can see all of these details on your SUNY Ulster portal student account.
Ulster County Community College has partnered with Heartland ECSI to prepare the forms. You can enroll online here to receive your form electronically. If you do not elect this option by January 1, a paper form will be mailed to your PERMANENT HOME address on file.
If you would like to view your 1098-T online, please go to the ECSI website or log into your SUNY Ulster portal / Student Resources / Banner Self Service / Student & Financial Aid /Tax Forms & Notifications.
For additional questions on the 1098-T forms you may contact the Student Accounts Office at 845-687-5099. For questions related to educational tax credits, please contact your tax professional.