The 1098-T form contains information to assist a student in filing the education tax benefits/tax credit deductions, such as the American Opportunity Credit (a modification of the Hope Credit) and Lifetime Learning Tax Credits. For more information on these tax credits please visit the IRS web site www.irs.gov/publications/p970/ar01.
Kentucky Community & Technical College System mails the 1098-T forms via U.S. Mail by January 31st.
As an eligible educational institution Kentucky Community & Technical College System is required to send a 1098-T form to any student enrolled and had qualified tuition expenses paid "out-of-pocket" during the previous calendar year.
1098-T may not be issued for several reasons. IRS exceptions for not furnishing a 1098-T are:
The IRS classifies qualified tuition and related expenses as charges a student must pay "out-of-pocket" to be enrolled at or attend Kentucky Community & Technical College System.
The following are not qualified tuition and related expenses: