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1098-T Tuition Payment Statement

The Internal Revenue Service Form 1098-T, “Tuition Payments Statement”, you received from Amarillo College is information provided to claim the Hope Tax or Lifetime Learning Credit on your Federal Tax Return, IRS Form 1040. Information provided on the 1098-T includes amounts billed for qualified tuition and related expenses from January 1 through December 31 and financial aid you received, which includes grants and scholarships. To determine if you qualify to claim one of these credits on your federal return, please contact your personal tax consultant. For more information on how to claim an education credit, IRS Publication 970, “Tax Benefits for Higher Education” or IRS Tax Form 8863, “Education Credits,” may be obtained from the Internal Revenue Service. The IRS can be contacted at their local office at 7201 Interstate 40 West, Suite 105, or the IRS toll free phone number 1-800-829-1040, or at the IRS website at www.irs.gov/instructions/i1098et/ar02.html


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