1098-T For 2023 Calendar Year

1098-T forms for calendar year 2023 will be mailed out by January 31, 2024. Please allow normal mailing time to receive your form.

Your 1098T will be available through your MCC email account.

You can now view your 1098-T through your MyMCC account by following the links below once you have entered your User ID and Password:

Search: My Bill
Click: to open My Bill
Click: 1098-T Tax Notification Form
Enter Tax Year needed

The information below should be used to assist students in understanding what the 1098-T form is used for, who will receive a 1098-T form, and what information will be reported on the 1098-T form. A qualified tax preparer should be contacted for assistance on how to use this form. For additional information, please visit the Internal Revenue Website at www.irs.gov.

Where can I find more information regarding the 1098-T form, tuition and fees deduction, American Opportunity Credit or Lifetime Learning Credit?

You can find information at:

Using the 1098-T Form

The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997.  Eligible educational institutions are required to submit the student’s name, address, and taxpayer’s identification number (TIN), enrollment and academic status. Beginning in 2003, educational institutions must also report amount to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, taxable or not.  A 1098-T form must also be provided to each applicable student.  This form is informational only.  It serves to alert students that they may be eligible for federal income tax educational credits.  It should not be considered as tax opinion or advise.  While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all information needed to claim a tax credit.  There is no IRS requirement that you must claim tuition and fees or an educational credit.  Claiming educational tax benefits is a voluntary decision for those who may qualify.

Who will receive a 1098-T form?
       All eligible students enrolled at MCC in 2023 in at least one course will receive a 1098-T form. Not all students who receive a 1098-T are eligible to claim a deduction or credit. The Internal Revenue Service can provide more information regarding eligibility.

What will be reported on your 1098-T?

Box 1 (Qualified Payments Received): Shows the total payments received in 2023 from any source for qualified tuition and related expenses less any reimbursements or refunds made during 2023 that relate to those payments received during 2023..

Box 2 (Qualified Amounts Billed): Blank-Reserved for future IRS use

Box 3: Blank-Reserved for future IRS use

Box 4: Shows adjustments made for a prior year.

Box 5: Scholarships, grants, third party payments posted to a student account in the year 2023 are reflected here. This may also reflect scholarships or grants from a previous year that were received late.

Box 6: Shows Any adjustments made to scholarships and grants in the year 2023 for a prior year are reflected here.  Amounts reported in Box 6 may impact a tax credit for a prior year. Students should notify their tax preparer of this amount.

Box 7: If this box is checked it means that Box 1 includes amounts for an academic period beginning in January-March of 2024. This includes students who have registered for the Spring 2024 Semester in the months of October, November, and December of 2023.

Box 8: This box will be checked if the student was registered at least half-time(6 or more credits).

Box 9: Not applicable for MCC students.

Box 10: Not applicable for MCC students.

Last Modified: 1/16/24