Lower Columbia College students and families who had tuition and other college-related
expenses may be eligible to claim the American Opportunity Tax Credit (formerly Hope
Credit), when they prepare their federal income tax return.
1098-T forms are used to report information on what you paid in tuition expenses by
colleges and/or universities you attended in the previous calendar year. All colleges
and universities are required by the Internal Revenue Service (IRS) to provide you
with this information, which you (or someone who can claim you as a dependent) may
use in conjunction with a tax return.
To grant LCC access to provide you with the information electronically, log in to
your ctcLink account. From the "Financial Account" tile, select "1098T," then "View 1098-T." Under "Grant
Consent," select yes or no, then hit submit. If you don't grant consent for electronic access, you won't be able to retrieve your
information online. If you say no or don't grant access, LCC will send you a paper
copy in the mail early in the year to the address we have on file, in accordance with
IRS Tax NoticeAmerican Opportunity replaces a similar tax credit provision called the Hope credit.
The new credit of up $2,500 for tuition and eligible college expenses is higher than
under the Hope provision. In addition, tax filers may now claim expenses incurred
during the first four years of their postsecondary education rather than only the
Depending on individual circumstances, the American Opportunity Tax Credit may not
be the most advantageous tax option for all families with higher education expenses.
Tax Credit Phone LineStudents with questions can call LCC's American Opportunity Tax Credit phone line
at (360) 442-2920.
Please leave a detailed message. Calls are returned the next business day.
(January 17 - April 15).