1098T Form

South Texas College has 1098-Ts available through JagNet.

Printing Steps:

  • Log in to Jag-Net at https://jagnet.southtexascollege.edu
  • On purple menu bar (left side) click: $ Student Accounts
  • Click:  1098-T under Payment & Account Information
  • Enter Tax Year (example: 2018) and click: Submit
  • Print

Advantages of an Electronic 1098-T

  • Available for immediate printing once it becomes available
  • No waiting for regular mail or lost mail

Steps to Opt-In to receive your 1098-T electronically:

  • Use Jag-Net to opt-in to receive your 1098-T electronically. To opt-out of a 1098-T in electronic format, student may withdraw consent by presenting in writing a withdrawal request to the Cashier Office at STC.
  • Log in to Jag-Net at https://jagnet.southtexascollege.edu
  • Under Student Services select Consent to Do Business Electronically (1098-T Opt-In/Title IV Authorization)

STC cannot give legal, tax, or accounting advice or determine if students qualify for a tax credit or deduction. Consult your tax professional, the IRS at 1-877-777-4778, or the IRS Publication 970 Tax Benefits for Education.

Because of a change in statute, effective for the 2018 Form 1098T, STC will no longer report amounts billed for qualified tuition and related expenses in box 2.  Instead, will report only payments received for qualified tuition and related expenses in box 1.

 

1098-T FAQs Form

What is a Form 1098-T?
All eligible educational institutions must file a Form 1098-T for each qualifying student for whom a reportable transaction is made during the calendar tax year.

Why did I receive a 1098-T tax form? Am I eligible to claim a tax credit?
Our records show that you had eligible payments during tax year in question. STC cannot give tax advise consult your tax professional or visit IRS publication 970, Tax Benefits for Education at: https://www.irs.gov/forms-pubs/about-publication-970.

How do I obtain the 1098-T form?

  • Log in to Jag-Net at  https://jagnet.southtexascollege.edu
  • On purple menu bar (left side) click:  $ Student Accounts
  • Click:  1098-T under Payment & Account Information
  • Enter Tax Year (example: 2018) and click:  Submit

How do I reset my JagNet password?

  • Students that attended in the prior year can contact Help Desk at 956-872-2111.
  • Students not able to reactivate the account, may request it in person at any cashier’s office.

When am I receiving the 1098-T form?
STC is required to make 1098T’s available by January 31, 2019.

Why did I receive a 1098T-T if I never attended classes at STC?
For 2018, Box 6 adjustments to scholarships or grants to prior year will be reported even if no attendance to class in 2018.

Why didn't I receive a 1098-T if I was enrolled in STC? Exceptions are:

  • Continuing Education students do not receive a 1098T
  • Nonresident alien students.
  • Scholarships or grants exceed or equal payments for 2018.

What if a parent requests the 1098T?
FERPA regulations allows STC to give information only to the student.

Form 1098T - Tuitions Statement is filed with the Internal Revenue Service by January 31, 2019.
The amounts are for the calendar year January 1 st to December 31 st, 2018.

1090t form sample

  • Box 1: Payments less reimbursements or refunds.
  • Box 2: Amounts billed for qualified tuition and fees - Not applicable for year 2018.
  • Box 3: Reporting method change  
  • Box 4: Payments received adjustments for prior year
  • Box 5: Scholarships and Grants received
  • Box 6: Scholarships and Grants Adjustments
  • Box 7: If there were payments made for year 2019
  • Box 8: If the student was enrolled at least half time.
  • Box 9: Check if graduate student – does not apply /blank
  • Box 10: Insurance contract reimbursement – does not apply/blank