Educational Tax Credits

The information on this page is not intended to provide comprehensive tax advice. A taxpayer should consult a tax professional for further information regarding educational tax credits and deductions.

Tax Credits and Deductions

Education tax credits may be available to you based on educational expenses paid for you, your spouse and/or your dependents. Please refer to the IRS Education Credits Online Resource Guide for information on education credits available.

To apply for a credit, taxpayers must report the amount of qualified tuition and fees, as well as the amount of certain scholarships and grants used toward tuition and fees in the tax year. (Note: the tax year is defined as Jan. 1 to Dec. 31.) Schools are required to provide this information to each taxpayer in the form of a 1098-T Tuition Statement by Jan. 31 of each year. Taxpayers use this information, along with their own tuition and fee records, to complete IRS form 8863 (pdf) and claim education credits.

Delivery of 1098-T Statements

On or before January 31 of each year, the College will provide a 1098-T Tuition Statement to eligible students. The statement will be mailed to students unless the student elects to receive the statement through online delivery only.

The 1098-T reports both the eligible charges incurred during the tax year and any scholarships or grants disbursed to the student account in that same tax year. It is the student’s responsibility to retain receipts for payments made during the tax year. You may view your payment history by signing into mywcc and following these steps: Student Tab >> Self-Service Quick Links >> Student Services >> Student Account Information/Make Payments >> Make Payments/View Account Detail >> Log In into Payments Area >> Payment History (under Recent Payments/Credits Section) >> Sort History by Tax Year.

The same information is furnished to the Internal Revenue Service (IRS).

Electronic Delivery of 1098-T Statements

Students are able to elect to receive the 1098-T Tuition Statement through online delivery. In order to receive your 1098-T form only electronically for filing your 2015 taxes, you must consent to electronic delivery by January 15, 2016. Students can view, print, and download 1098-T Tuition Statements electronically.

It is important that you make your selection for electronic retrieval by January 15th.  Your 1098-T Tuition Statement will be mailed by January 31 if you do not choose the electronic option.

By January 15, 2016: Select electronic retrieval of your 1098-T statement following these steps.

  • Go to mywcc.
  • Log in using your X-number and password.
  • Select the Student tab.
  • In the Student Tools section select View Account / Make Payments link.
  • Read the consent form and click "Accept Consent" to agree to receive your statement through online delivery (if the consent form does not popup automatically, select "My Account" then "My Profiles" and "Paperless Options").
  • On or before January 31, you may log in to your Student Account Suite to view, print and download your 1098-T statement.
By January 31, 2016: View, print, and download your 1098-T Tuition Statement online following these steps.
  • Go to mywcc.
  • Log in using your X-number and password.
  • Select the Student tab.
  • In the Student Tools section select View Account / Make Payments link.
  • Select the "eStatements" tab.

Authorized users may also view your 1098-T statement electronically if you grant permission. To grant your authorized users access to view your 1098-T tuition statement:

  • Go to mywcc.
  • Log in using your X-number and password.
  • Select the Student tab.
  • In the Student Tools section select View Account / Make Payments link.
  • Click "My Account" and then select "Authorized Users."

An authorized user can view the 1098-T by logging into the Student Account Suite.

Commonly Asked Questions

Q: Why isn’t box 1 filled in?
A: Waubonsee reports eligible charges for the tax year. The college is not required to report amounts paid on a student account. It is the taxpayer’s responsibility to document the payments made for an eligible student. See section above for steps to obtain Payment History.

Q: Why didn’t I get a 1098-T in the mail?
A: There are several reasons a student would not receive a 1098-T for a specific tax year. They include, but are not limited to the following:

  • Student was not enrolled in eligible courses.
  • Tuition charges for enrollment and withdrawals for the year net to a zero dollar amount.
  • Scholarships disbursed to a student account were greater than the tuition charges.
  • An active address is not on file with the Registration Office.

Q: What do I do if Box 4 or 6 are filled in?
A: Box 4 or 6 are completed if a 1098-T was sent for a previous tax year and an adjustment in charges or scholarships was recorded in the current tax year. You may need to amend a previous year's tax return if you claimed eligible tuition charges for the student.

Q: What do I do if I can’t find my 1098-T?
A: An electronic copy of the 1098-T is always available on mywcc. See above for access directions.

Q: Why are the charges listed in a different year than the payments I made?
A: The college reports the charges based on the date of registration. If a student selects a payment plan to defer payments, the charges may be made in one tax year and payments may be made the following tax year. This would be indicated with an X in Box 7.

Q: Why is the box for Student’s Social Security Number blank?
A: A blank box means that Waubonsee does not have a valid Social Security Number (SSN) or Taxpayer Identification Number (TIN) on file. Waubonsee is required to report qualified tuition expenses and submit your information to the IRS regardless of whether a valid SSN or TIN is on file. At this time, WCC does not have a valid TIN or SSN on record for you. Not providing a valid TIN or SSN could result in IRS penalties.

Please complete, sign, and submit the IRS Form W-9S - Request for Student's Taxpayer Number and Certification to provide Waubonsee with your valid SSN to avoid future IRS penalties. Please do not email this form for security reasons. You can bring it in to the Bursar Office on the second floor of the Student Center, fax it to the Bursar Office at (630) 466-6637, or mail it to:

Waubonsee Community College

Bursar Office

Rt. 47 at Waubonsee Drive

Sugar Grove, IL 60554