Tax Credit/1098-T

Statement of Account

A statement of financial activity on your account from Lock Haven University during the current calendar year will be sent by the end of January to your home or permanent address on file. This is for informational purposes only. This is not a bill.

Form 1098-T

A complete 1098-T will be sent by the end of January to your home or permanent address on file.

In addition to the mailed form, students are also able to view their 1098-T for any year they have been registered at Lock Haven University. To view your 1098-T in the myHaven portal, click on the "Student Accounts" tab followed by "My Student Account" on the left side navigation bar then "My 1098-T Info".

Students are required to furnish their correct Social Security Number to the institution for purposes of completing the 1098-T tax form.  Students will be contacted to furnish this information to the Student Accounts Office.  Failure for the student to furnish this information may result in an penalty issued by the IRS.

Tax Benefits for Education - 1098-T

As required by the Internal Revenue Service (IRS), Form 1098-T is mailed by Jan. 31 to all students who had qualified tuition and other related educational expenses billed to them during the previous calendar year.

The 1098-T form is informational only and should not be considered as tax advice. It serves to alert students that they may be eligible for federal income tax education credits such as the Lifetime Learning Credit and the Hope Credit as part of their Federal Income Tax Return. IRS Publication 970 "Tax Benefits for Higher Education" as well as Chapter 35 of IRS Publication 17 provide additional information on these credits. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax credit. To determine the amount of qualified tuition and fees paid, and the amount of scholarships and grants received, a taxpayer should use their own financial records. There is no IRS requirement that you must claim the tuition and fees deduction or an education credit. Claiming education tax benefits is a voluntary decision for those who may qualify.

Information and Advisement

Information regarding the Hope Tax Credit or the Lifelong Learning Credit may be obtained in IRS Publication 970 "Tax Benefits for Higher Education" or through your tax advisor. The Internal Revenue Service may be contacted by calling 1-800-829-1040 or on the IRS website. Lock Haven University is unable and unqualified to provide tax advice.

Contact Us

Student Accounts Office

224A Ulmer Hall, Lock Haven University
(570) 484-2425

Office Hours

8:00am to 4:00pm Monday-Friday

Connect with Student Accounts Online

Not PrinceFaxMail PhoneSearchFacebook GitHub InstagramKickStarterLinkedInPinterestRedditRSSTumblrTwitterVineWordPressYouTube