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Tax Credit

American Opportunity Tax Credit/Lifetime Learning Credits Information

Background

As part of the Taxpayer Relief Act of 1997, Congress passed legislation that allows certain taxpayers who pay qualified tuition and related expenses to claim a Hope Scholarship Credit or a Lifetime Learning Credit against their federal income tax liability.

Qualifications

Olympic College will prepare and mail a 1098-T, Tuition Payments, for each student who may have qualifying tuition payments during each year (See Eligibility for Tax Credit below). The 1098-T will be mailed no later than January 30 following the tax year.

Eligibility for Tax Credit

Olympic College does not determine eligibility for the American Opportunity Tax Credit or the Lifetime Learning Credit. Please read IRS Publication 970 to determine if you are eligible to claim the above credits on your federal income tax and/or what portion of tuition paid (if any) will qualify for the tax credit.

1098-T Form
Olympic College is not required to issue a 1098-T to students that refuse to provide a valid SSN or ITIN (Individual Taxpayer Identification Number) at time of registration which include those students that completed a SSN exemption form.  If you want a 1098-T, you will be required to provide your SSN or ITIN.

Website

Olympic College's online system (OASIS) will provide each student with summarized and detailed class and payment information. You will need your SID Number and PIN Number to access this web page.

Institutional Policy

Under the Family Educational Rights & Privacy Act, Olympic College may not discuss student records with anyone (including the student) over the telephone. More information about this law is available in the Office of Registration and Records.