Tax Benefits for Education

Paying for college can be a challenge and we want you to take every advantage accessible to you for the financial commitment you have made.  The federal government offers several income tax benefits for education costs. These are available to students and parents who paid tuition at a post-secondary school in the tax year, subject to IRS rules.   

Western Technical College will report annually to the IRS the amount of tuition paid under the government formula during the tax year.  A 1098-T form will be mailed to your permanent address as long as you have a valid social security number on file.

The 1098-T, along with your copy of your Western Technical College billing statements, should be used by your tax preparer to determine your eligibility for a tax credit. Because each taxpayer’s circumstances vary, we cannot provide tax advice or assistance related to the credit or how to claim the credit but will be here to assist you in locating helpful resources, especially if you file your tax return on your own.

As required by law, your 1098-T statement will be mailed by January 31st of the following year.

Related Links:

Education Tax Benefits and Credits

Tax Benefits for Education

Internal Revenue Service (IRS)

Financial Aid Glossary

FATV

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