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Beginning in 1998, and revised in 2003, taxpayers
may be eligible to claim a Hope Scholarship
Credit or Lifetime Learning Credit
against their federal income taxes.
To decide if you qualify
for one of these credits please see IRS Publication
970 and Form 8863 for instructions, and/or
contact your personal tax advisor.
For additional web site
information and the ability to download these
forms and publications, please go to http://www.irs.ustreas.gov/formspubs/lists/0,,id=97817,00.html .
For additional information about IRS Publication
970, go to
http://www.irs.gov/pub/irs-pdf/p970.pdf .
For a detailed question and answer section
on the Hope Scholarship Credit, see http://www.irs.gov/faqs/faq7-4.html .
For Lifetime Learning Credits, see http://www.irs.gov/individuals/article/0,,id=96273,00.html .
IRS Forms and Publications
are also available at your local IRS office
or by calling
1-800-TAX-FORM.
Common questions:
| Q. |
Why did I receive a 1098-T Form for courses taken for credit at the University of South Alabama? |
| A. |
All students enrolled in credit courses at the University of South Alabama from January 1, through December 31, 2007, received a 1098-T Form as required by the IRS. |
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| Q. |
Do I qualify for the tax credit? |
| A. |
The University of South Alabama cannot determine if you, and/or your family are eligible for an education tax credit. You should refer to the IRS Publication 970 and/or your personal tax advisor. |
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| Q. |
Do my parents qualify for the tax credit? |
| A. |
Only you or your family can decide if they qualify for an education tax credit. Please refer to IRS Publication 970 and/or contact your personal tax advisor. |
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| Q. |
What should I do if I have not received a Form 1098-T from the University by February 15? (View 1098-T Tax Info) |
| A. |
Please go to http://paws.southalabama.edu
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Student Services & Financial Aid
Student Records
Tax Notification. |
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| Q. |
What should I do if my Social Security number or address is incorrect on the 1098-T Form? |
| A. |
Please go to http://paws.southalabama.edu
Enter Secure Area
Login
Student Services & Financial Aid
Student Records
Tax Information. |
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| Q. |
Why did the 1098-T Form only include qualified charges, scholarship and grants? |
| A. |
These are the required 1098-T reporting requirements as determined by the IRS. |
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