1098T Information

Gettysburg College is required to provide you with a 1098T form if your student was enrolled at least part-time for academic credit in order for you to be eligible to claim either the Hope or the Lifetime Learning Credit on your federal tax return. Academic credit is credit awarded by an eligible educational institution for the completion of course work leading to a post-secondary degree, certificate, or other recognized post-secondary educational credential.

We are not required to provide this form if any of the following exist.

• Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program;
• Nonresident alien students, unless requested by the student;
• Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants
• Students for whom we do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between the institution and the student's employer or a governmental entity, such as the Department of Veterans Affairs or the Department of Defense.

Gettysburg College reports in box 2 on this 1098T form the amount billed for qualified tuition and related expenses.  The amount reported to you is the total amount billed less any reductions in charges made during the calendar year, January 1^st thru December 31^st, that relate to the amounts billed for the same calendar year.

Qualified tuition and related expenses are tuition and fees a student must pay to be enrolled at or attend an eligible educational institution.

The following are not considered qualified tuition and related expenses per the IRS guidelines.

• Amounts paid for any course or other education involving sports, games, or hobbies unless the course or other education is part of the student's degree program or is taken to acquire or improve job skills.

• Charges and fees for room, board, insurance, transportation, and similar personal, living, or family expenses.

Gettysburg College does not offer tax advice, if you need more information on these educational tax credits you should contact your tax accountant or you may refer to the information located at: http://www.irs.gov/publications/p970/index.html.