1098-T Tax Form
Obtaining Your 1098-T
Santa Fe College has partnered with ECSI to provide 1098-T Tuition Statements. Students will have access to 1098-T Forms no later than January 31 of each calendar year. ECSI will send an email informing students when your 1098-T Form is available.
This form can assist you in claiming an educational tax credit on your federal income tax return. The Taxpayer Relief Act of 1997 allows students (or taxpayers claiming students as dependents) to claim certain qualified tuition and fee payments as a Lifetime Learning Credit or the American Opportunity Credit.
IRS Tax Form 1098-T is generated for all students who:
- Provided the Registrar with a valid Social Security Number or Individual Tax Identification Number
- Paid qualified educational expenses such as tuition and fees during the calendar year (January 1 to December 31)
The information on this tax form is also sent to the Internal Revenue Service. Consult your tax advisor or Internal Revenue Service (IRS) publications and websites for tax information. Santa Fe College is not able to assist in determining your tax credit or deduction eligibility or with preparing your income tax return.
For more information on the available tax credits or fellowship information, please see the following irs.gov publications:
- IRS Publication 970: Tax Benefits for Education (irs.gov)
- IRS Publication 5197: Why Form 1098-T Is Important To You (irs.gov)
- American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit (LLC)
If you have any questions, please visit ECSI FAQ: Tax Documents for information regarding your tax documents and to obtain contact information for ECSI.
IRS Compliance Requirements
To comply with IRS requirements to report tuition payments and other information on Form 1098-T, Santa Fe college collects student SSNs/ITINs. (Students who are not eligible for an SSN may have an Individual Taxpayer Identification Number, known as an ITIN.) Students are required by law to provide the SSN/ITIN so that it may be included on an information return.
At least once a year the college will solicit any missing TINs from students. Students receiving notification that the TIN is missing should complete the Student Account Information Change Form and deliver it to the Registrar's Office.
The request period for a new Form 1098-T ends on March 31. Due to penalties imposed by the IRS, we cannot process requests for Forms 1098-T after March 31. However, we can provide a detailed list of your charges and payments throughout the tax year to assist in conversations with your tax preparer.
1098-T Electronic Consent
You have the opportunity receive your 1098-T Tuition Statement electronically. If electronic consent is not received by January 1, the 1098-T will be mailed to the current address on file. However, all future forms will be electronic.
To give consent to receive your 1098-T form electronically:
- Log on to eSantaFe
- Go to Finances
- Select 1098-T Form
- Select Electronic
- Click Continue
The benefits of receiving electronic notification are:
- Earlier access to the 1098-T form than the traditional mailing process.
- Eliminates the chance that the 1098-T will get lost, misdirected, or delayed during delivery, or misplaced once delivered.
- Signing up for online delivery is easy and secure.
- 1098-T forms can be delivered while traveling or away from home.
- Online delivery reduces costs and the environmental impact of mailing paper forms.