1098-T Tax Forms

Student 1098-T tax forms for 2022 will be mailed or available online by Jan. 31, 2023 by TAB Services. TAB Services is the third-party vendor that prints and mails these forms for the college. Our students’ 1098-T forms are available on the TAB secure website at www.tsc1098t.com. Students may access their financial information and print copies of their 1098-Ts for 2017, 2018*, 2019, 2020, 2021 and 2022 from this website. Email businessoperations@tridenttech.edu or call 843-574-6804 with additional questions about the amounts reported.

FAQs

How can students get a copy of their 1098-T Form?

Go to the TAB Services secure website at www.tsc1098t.com to print a copy of your 1098-T form.

Site ID: 11478

Username: 7-digit student ID number (including leading zeros)

Password: last four digits of your SSN**
**If you have previously used this site, the password will be whatever was set up at that time.

Why do we send 1098-T forms to our students?

The Internal Revenue Service (IRS) requires eligible colleges and universities to file form 1098-T for each student enrolled for any academic period during calendar year 2022. A college or university is eligible if it qualifies for participation in the Department of Education’s student aid programs. TTC does not file 1098-T forms for continuing education students. This is an allowable exception to the reporting requirement.

What does the student do with this information?

The student, or individual who can claim the student as a dependent on his/her tax return, may be eligible to take either the tuition and fees deduction or claim an educational tax credit for out-of-pocket tuition and related expenses paid between Jan. 1, 2022 and Dec. 31, 2022 on Form 1040. Students should take form 1098-T to their tax preparer or if preparing their own taxes, follow the instructions on Form 8863 Education Credits. In general, the Hope Scholarship Credit and the Lifetime Learning Credit allow taxpayers to claim a nonrefundable credit against their federal income taxes for certain post-secondary educational expenses. There are some factors considered in the calculation of tax credits, such as income limitations, that may disallow the tax credit. For more information about the deduction or credit, students should refer to IRS Pub. 970 Tax Benefits for Education, Form 8863 Education Credits, and the Form 1040 or 1040A instructions. Trident Technical College employees do not give tax advice.

What do the boxes on Form 1098-T mean?

The 2022 1098-T Form reports financial transactions on student accounts for the calendar year Jan. 1, 2022 through Dec. 31, 2022. Please note: if a box is blank, then the amounts required in that box do not apply to TTC.
Box 1 - Amounts paid for qualified tuition and related expenses (spring 2022, summer 2022, or fall 2022; or spring 2023 if paid before Dec. 31, 2022)
Box 2 - Blank
Box 3 – Blank
Box 4 - Tuition adjustments (reductions) made for a prior calendar year
Box 5 - Scholarships or grants (Pell, Lottery, SCNBG and Scholarships)
Box 6 - Scholarship or grant adjustments (reductions) from a prior calendar year
Box 7 - If checked, means the student made a payment for spring 2023 before Dec. 31, 2022
Box 8 - If checked, means the student was enrolled in at least 6 hours in a term that began during the calendar year (spring 2022 summer 2022 or fall 2022)
Box 9 - Blank
Box 10 - Blank

How do I determine how much was billed for spring, summer and/or fall 2022?

Log in to the my.tridenttech.edu portal and select "Student Self Service" under TTC Bookmarks OR

Request a statement from BusinessOperations@tridenttech.edu.

How are past due payments reported?

It depends. Payments made during 2022 for a semester that occurred before spring 2018 are not reported because the tuition billed was already reported. Payments during 2021 for Spring 2018 or later could be included in Box 1 depending on the IRS limitations.

What is the amount reported in Box 1?

The amount reported in Box 1 is limited to the amount billed during 2022.

For a payment to be reportable, it must relate to qualified tuition and related expenses billed during the same calendar year. The amount reported is the total amount of payments received less any reimbursements or refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year.

The amount reported in Box 1 may include scholarships and grants reported in Box 5.

I took classes in 2022, why didn’t I receive a 2022 form 1098-T?

• Does TTC have your valid Taxpayer Identification Number (TIN) issued by the U.S. Government (such as SSN or ITIN) on file?
• Is your address on file with TTC correct?
• Did you make payments for qualified tuition and related expenses between Jan. 1-Dec. 31, 2022?
• Were you billed charges for qualified tuition and related expenses between Jan. 1-Dec. 31, 2022? Important Note: Registration charges are billed on the date that you register. If you registered for spring 2022 classes in December 2021, those charges were billed in December 2021. Some or all expenses may have been reported on the 2021 form 1098-T.
• If you are a non-resident alien student and do not have U.S. source income (U.S. scholarships, awards, waivers etc.) that is subject to tax, TTC is exempt from issuing a Form 1098-T to you, unless requested. Requests can be made by sending an email to BusinessOperations@tridenttech.edu.
• After checking all of the above, if you still believe you had reportable transactions in 2022 and are due a 2022 form 1098-T, please email BusinessOperations@tridenttech.edu or call 843-574-6804.

I enrolled in Workforce Training classes, am I eligible for a tax credit?

Workforce Training (formerly Continuing Education) classes are professional development and personal interest courses that do not award academic credit but are eligible for continuing education units (CEUs). While federal financial aid and SC Lottery Tuition Assistance are not available for Workforce Training noncredit courses, students may qualify for other types of external funding. Learn more about various external funding sources and smart ways to apply for a personal loan to pay for courses.

Please refer to IRS Publication 970 about the possibility of using the Lifetime Learning Credit for these types of classes. TTC does not report Workforce Training class payments on Form 1098-T. Please use your receipt as documentation.