Student Tax Information

Colleges and universities are required under Internal Revenue Code Section 6050S to issue Form 1098-T for the purpose of determining a taxpayer’s eligibility for various tax credits and/or deductions including the American Opportunity and Lifetime Learning education tax credits. This form is informational only. Your statements of account and other personal receipts may also be used when calculating your eligibility for tax credits and deductions. 



Student on campusStudents who elect to receive an electronic Form 1098-T may access it by logging into MyMCC. All 1098-T forms will be available in MyMCC on or before January 31. 

1098-T forms are available through MyMCC.

To obtain your 1098-T form:

  • Login to MyMCC
  • Click on Tax Information
  • If necessary, consent to electronic delivery to view your current and prior statements

Note: The student's Taxpayer Identification Number (TIN) is required in order to properly report educational expenses on the Internal Revenue Service (IRS) Form 1098-T. The TIN may be updated in the Enrollment Center. Your social security card and a valid picture ID are required for updating. 

If you have any questions about viewing or printing your 1098-T Form, please contact Student Account Receivables at 254-299-8627.

Education Tax Benefits



American Opportunity Credit

You may be able to take a credit of up to $2,500 for qualified education expenses paid for each student who qualifies for the American Opportunity Credit. This credit equals 100% of the first $2,000, and 25% of the next $2,000 of qualified expenses paid for each eligible student. The full amount of the credit is subject to certain income limitations.

Lifetime Learning Credit

The Lifetime Learning Credit may be available to taxpayers who pay higher education costs but are not eligible to claim the American Opportunity Credit. The credit is equal to 20% of the first $10,000 of tuition and required fees paid each year (for all students in the family) with a maximum credit of $2,000. For more information, visit the IRS website. 

Frequently Asked Questions

The Form 1098-T 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, taxpayer's identification number (TIN), enrollment status, amounts paid pertaining to qualified tuition and related expenses billed within the year, and scholarships and/or grants, taxable or not. A 1098-T form must be provided to each applicable student.

It is not necessary that the address be correct for your reporting purposes. It is advisable, though, that you contact Student Records to correct or update your information for accurate communication with MCC.

The amount reported in Box 1 (payments received) is limited based on the amount of qualified tuition and related expenses (QTRE) you were billed within the same year.

If you did not register for any courses during the year, you will not have any qualified payments to report. Please consult a tax advisor when determining your eligibility for the tax credit.

In addition, MCC is not required to provide a form in the the following circumstances:

  • The student took courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program
  • Nonresident alien students
  • Students whose expenses are covered by a formal 3rd party billing arrangement such as dual-enrolled high school students

Box 1 will include any payments made during the calendar year with reductions for any refunds or credits issued. Box 1 also includes payments associated with student loans, third party sponsors, financial aid awards, VA33/Post 911, and other miscellaneous school payments.

The amount listed in Box 1 on the form is a snapshot as of December 31st.

Only payments applied to qualified tuition and related expenses are reflected in Box 1. Note, tuition waivers are not payments; they are charge reductions. Payments may have been received within the reported calendar year but were applied to non-qualified expenses. See IRS Publication 970 in the Additional Resources section for information on qualified and non-qualified expenses.

Box 1 (payments received) is limited based on the amount of qualified tuition and related expenses you were billed within the same year. Therefore, your personal financial records may not reflect the same paid amount.

This often happens when a student registers for a term during one calendar year and pays within the subsequent year. For example, when a student registers early for the Spring semester during the Fall semester.

Please consult a tax advisor in determining your eligibility for a tax credit.

Effective with the 2019 tax season, Box 4 will include prior year payment adjustments. The amount in Box 4 will be limited to the amount of prior year invoice adjustments within the same year. Prior year payment adjustments may include refunds, grant and scholarship adjustments, VA33/Post 911 debt letters, third-party sponsor adjustments, credit card disputes, or any other miscellaneous payment reductions.

Box 5 will include all funds applied to tuition that were not paid by you, such as financial aid grants, scholarships, third party sponsor billing, or VA33/Post 911 funds.

The timing of each charge and scholarship determine the year in which they are reported.  QTRE is calculated based on the “qualified tuition and related expenses” that are billed in the calendar year (not the academic year).  Box 1 on the 1098-T form reports amounts that were paid in the calendar year toward QTRE, and the pay date does not always match up with the dates that the classes were in session.  

For example, charges for the Spring semester are usually billed in November/December, so a student may have paid toward their QTRE for the Spring 2025 semester in 2024 despite the fact that classes didn't start until 2025.  Therefore, the payments made toward the Spring semester prior to Jan. 1 of the new year would have been included in the previous year's Box 1 on the 1098-T.  However, all of the spring scholarships and grants would have paid to the account after Jan. 1, so those would be included in Box 5 on the new 1098-T.

Box 7 will be checked if the amount reported in Box 1 included any payment for courses that will not begin until January through March of the following year.

Call the MCC Business Office, 254-299-8627, option 3. Monday through Friday between 8 a.m.–5 p.m.

Please be advised, MCC can only speak to you, the student, about any financial information on your account due to the Family Educational Rights and Privacy Act (FERPA). Learn more about FERPA here.

MCC employees are NOT tax advisors and cannot give any tax advice.