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2018 1098T Tax Forms are Available on Webadvisor
We have posted 1098Ts to Webadvisor. There is an important change this year.
In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
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.
A-B Tech Community 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.
Below is a blank sample of the 2018 Form 1098-T, that is posted in Webadvisor, for your general reference. For more information about Form 1098-T, visit https://www.irs.gov/pub/irs-pdf/f1098t.pdf.
Bank Mobile for Refunds
February 15, 2019 - Tuition Refunds for payments made by cash and check. Payments made by credit card will post to the credit card late January.
February 10th, March 10th, April 10th and May 6th - Financial Aid Refunds
A-B Tech has partnered with BankMobile, to disburse our student refunds. If you are new to the service, you may have questions. Visit BankMobile FAQ for more information.
Once you have your code, follow these easy steps:
- Visit RefundSelection.com
- Enter your Personal Code
- Select how you'd like to receive your money
- Electronic Deposit to an Existing Account
- Electronic Deposit to BankMobile Vibe Account