student filling out consent to receive 1098 T electronically

Student Tuition Statement | 1098-T

The 1098-T form is the Tuition Statement that colleges use to report qualified tuition and related education expenses to you and the IRS. You or your parent/guardian may be able to claim these expenses as education-related tax credits.

  • How do I use the 1098-T for tax purposes?

    MCC urges you to contact a tax professional regarding the application of this form to your taxes. Employees of MCC cannot provide tax advice.

  • What's reported on a 1098-T statement?

    Depending on your income (or your family's income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)

    The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 - the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.

    McHenry County College is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.

  • What's the deadline for the 1098-T tax forms to be mailed to students?

    By federal law, all forms must be postmarked by January 31.

  • I attended McHenry County College, why isn't box 8 checked?

    You are required to be at least half-time for one term within the calendar year in order to be eligible for the tax credits provided by the IRS.

Important Note: a 1098-T statement in no way suggests that you are eligible for a tax credit. 1098-T statements are for informational purposes only. Please speak with a tax professional or consult the IRS website for more information about whether or not you qualify for a credit.

Find additional information about this form on the IRS website

Get Your 1098-T Form Electronically

Go green and retrieve your 1098-T form faster online! IRS regulations state that each student who wishes to receive their 1098-T electronically must also provide consent electronically. MCC will not mail 1098-T forms to students who choose electronic delivery.

  • How to Provide Consent to Receive Your 1098-T Electronically
    1. Log into your myMCC Self-Service. If you need assistance, contact the IT Help Desk at (815) 455-8457.
    2. On mobile, from the side menu, select Financial Information > Student Finance > 1098-T form. On desktop, select Student Finance and choose 1098-T form from the Student Finance dropdown near the top of the page.
    3. Select Proceed to Processor and create your Nelnet profile or log in if you already have one.
    4. Select View 1098-T on the Nelnet homepage.
    5. Read the Online Consent Form for the requirements and specifications. If you agree, select Consent.

    Once you consent, you will no longer be mailed a 1098-T and you must return to the site after January 31 to view/print a copy of your Form 1098-T. Your consent will apply to current and subsequent years.