Understanding your 1098T

Summary

How to understand your 1098-T

Body

  Understanding you 1098-T
Box Description
  Filer's name, address: The name and address of Sierra College.
  Filer's Federal Identification Number: Sierra College's federal tax identification number.
  Student's Social Security Number: Your Social Security Number.
  Student's name and address: Your full name (as shown on your Social Security Card) and address.
  Service Provider/Acct. No.: n/a
1 Payments Received for Qualified Tuition and Related Expenses.
2 Not Used
3 Not Used
4 Adjustments Made for a Prior Year: Reductions in charges made for qualified tuition and related
expenses made during the calendar year that relate to amounts billed in prior year.
5 Scholarships or Grants: Total amount of any scholarships or grants during the calendar year for the
payment of the student's costs of attendance. Scholarships and grants generally include:
• All payments received from 3rd parties (excluding family members and loan proceeds)
• Payments received from governmental and private entities such as the Department of Veterans
Affairs, the Department of Defense, civic, and religious organizations, and nonprofit entities
• CCPG - California College Promise Grant
• Based on guidance provided by the Internal Revenue Service (IRS), we have not included any CARES
HEERF Funds that were awarded to students in the 1098T.
6 Adjustments to Scholarships or Grants for a Prior Year: The amount of any reduction to the amount of
scholarships or grants that were reported for any prior year.
7 Checkbox for Amounts for an Academic Period Beginning in January through March of 2024: This box
will be checked if any payments received, or amounts billed, for qualified tuition and related expenses
reported for 2023 relate to an academic period that begins in January through March of 2024.
8 Check if at Least Half-Time Student: This box will be checked if the student was at least a half-time
student during any academic period that began in 2023. A half-time student is a student enrolled for at
least half the full-time academic workload for the course of study the student is pursuing.
9 Check if a Graduate Student: This box will be checked if the student was a graduate student. n/a
10 Contract Reimbursements or Refunds: This box is not used by Sierra College.
   

 

Details

Details

Article ID: 148885
Created
Thu 1/25/24 7:12 PM
Modified
Tue 3/19/24 1:42 PM

Attachments

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