This information is available in these formats: | HTML | PDF | MS Word |


In August 1997, the Taxpayer Relief Act of 1997 (TRA97) was signed into law. This law established the Hope Scholarship and Lifetime Learning tax credits. Both the Hope Scholarship and Lifetime Learning credits allow eligible taxpayers to claim a tax credit against their federal income tax for qualified tuition and related expenses. The 1098-T form you have received or will be receiving in the mail is for your use when preparing your taxes for calendar year 2004. For more detailed information about these tax credits, please click on the following link: http://www.irs.gov/individuals/article/0,,id=96341,00.html


Note: It is up to each taxpayer to determine eligibility for tax credits and how to calculate them. Chaffey College cannot provide advice as to how to claim these credits, nor provide a specific breakdown of qualified tuition and related expenses billed. Questions concerning the Hope Scholarship and Lifetime Learning Credits should be directed to your tax advisor or the IRS.

• In box #2, a total of qualified tuition and related expenses billed between January 1, 2004, and December 31, 2004
• In box #3, any adjustments made to qualified tuition and related expenses billed in the prior tax year.
• In box #4, a total of all scholarships and/or grants processed for calendar year 2004.
• In box#5, adjustments made to scholarships and/or grants processed for the prior tax year.
• In box #6, a check will appear if the amount in box #2 includes amounts billed in 2004 for the spring 2005 term.
• In box #8, a check will appear if you are considered at least a half-time student.
  
  

• Enrollment fees
• Non-resident tuition
• Material fees
  
  

Note: For students whose tuition fees were waived by a high school waiver or Board of Governor's Grant, also known as "BOG", Chaffey College will only report material fees billed as qualified tuition and related expenses.


What do I do if I did not receive or lost my 1098-T?

Amounts that Chaffey College has reported to the IRS may be viewed under the Financial Profile heading in the Students menu on the ChaffeyView web page. To access ChaffeyView, click on the following link: http://www.chaffey.edu/chaffeyview/index.shtml.

If you would like to receive a duplicate copy of your 1098-T form, or if you did not receive your original copy, please come to the Cashier's Office or the Admissions Office at the Rancho Cucamonga campus between the hours of 8:00 a.m. and 6:00 p.m., Monday through Thursday or between the hours of 8:00 a.m. and 3:30 p.m. on Friday.


How do I get additional information?

Questions concerning the Hope Scholarship and the Lifetime Learning Tax Credits should be directed to your tax advisor or the IRS. Additional information is also available at the following link (Please note that this web site is intended for Tax Credit Reporting Service (TCRS) holders, however, there is a lot of free and valuable information, including forms, general information, and additional answers to frequently asked questions): http://www.1098-t.com/info/tra97/trainfo_faqs.asp