About Education Tax Credits
1098-Ts for 2007 have been mailedby our service provider in Pennsylvania. If you did not receive... <
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USC is required to mail 1098-T and 1098-E tax forms to all students enrolled in Spring, Summer, or Fall terms during a given calendar year, by January 31st of the following year.
1098-E: Loan Interest
Under the 1997 Taxpayer Relief Act, beginning January 1, 1998, taxpayers who have taken loans to pay the cost of attending an eligible educational institution for themselves, their spouses or their dependents, may be eligible to deduct interest they have paid on these student loans.
Please consult IRS Publications to verify all conditions for receiving any credits.
Read more about 1098-E's at USC...
Please note that 1098-E tax forms will be available to view and print on-line at www.ecsi.net/1098e .
1098-T: Qualified Tuition and Related Expenses
Note: we have changed service providers for the 2007 1098-T. If you have previously bookmarked a 1098-T website, please be sure to change it to the new site provided below.
The Hope Scholarship and the Lifetime Learning credits are available to qualified persons who pay higher education costs. The amount of each credit is determined by the amount you pay for qualified tuition and related expenses for students and the amount of your modified adjusted gross income.
Please note that these programs are subject to change, and you must consult IRS Publications for the year in which you are filing to verify all conditions for receiving any credits. You may also wish to review: "7.4 Child Care Credit/Other Credits: Hope & Life Time Learning Educational Credits".
Read more about 1098-T's at USC...
Please note that 1098-T tax forms will also be available to view and print on-line at www.ecsi.net/1098t . You also have the option to receive your form electronically rather than by mail in the future.
Filing for Educational Tax Credits
No USC employee may give tax advice regarding these credits. If you are unsure about your eligibility, please consult with a qualified tax preparer.
For information about eligibility and filing for the credits, please refer to IRS Publications, 'Tax Benefits for Higher Education.'
IRS Information about Educational Tax Credits
The IRS has an online FAQ Tax Questions & Answers webpage which you may also wish to review. Be sure to see the section about "Child Care Credit/Other Credits: Hope & Life Time Learning Educational Credits".
Link: IRS Links & Publications website