1098-T Tuition Statements
Empire State College is required to send 1098-T, Tuition Statements, to all students who meet the criteria set by the Internal Revenue Service. This form reports the amounts billed for qualifying tuition and fees as well as grants and scholarships posted to your account in the calendar year. The information on the 1098-T is being provided to assist students with filing for the education tax benefits/tax credit deductions, such as the American Opportunity and Lifetime Learning Tax Credits. Not all students who receive a 1098-T are eligible to claim a deduction or credit.
For more information, visit the IRS Web site and search for Publication 970, Tax Benefits for Education.
Some important reminders about the 1098-T:
- Forms are mailed by January 31, from ECSI, the company chosen by State University of New York administration. You may expect to receive your form by early February. Your 1098-T will contain log in instructions to use at ECSI's site. If you do not receive, or lose your 1098-T, you may visit ECSI's Login Credentials Retrieval page to gain access to your information on line. ESC's school code is TB. You may also reach ECSI by phone at 866-428-1098 or by email at email@example.com.
- Your 1098-T tax form reports the amounts billed to your account in the calendar year, and is for your information only. Unlike a W-2, for example, you may find that you do not enter the exact amounts from the 1098-T onto your tax return. Figures entered on your tax return are amounts that you have paid for qualifying tuition and fees.
- The college is not required to issue forms for students if a) your grants and scholarships for the year were equal to or greater than your qualifying tuition and fees; b) if your qualified tuition and fees are paid via an agreement between your sponsor and the college; c) you do not have a Social Security number on file; or d) you have a foreign address.
- The State University of New York, Empire State College federal ID number reported on the 1098-T form is 16-1514621.
Empire State College cannot provide you with tax advice.
Use your 1098-T Tuition Statement as a guide for claiming any tax credits and/or deductions that you may be eligible for.