Education Tax Credit- You may be able to claim an education credit or student loan interest deduction if you, your spouse, or a dependent you claim on your tax return was a student enrolled at or attending an eligible educational institution. The credits are based on the amount of qualified education expenses paid for the student. For more information on education tax credits, visit www.irs.gov.
Carteret Community College issues an IRS 1098-T form to all students with reportable transactions during the previous calendar year. A payment is considered reportable if it relates to qualified tuition and related expenses billed during the same calendar year. The 1098-T form can be used to determine your eligibility for income tax credit. Students can log in to Carteret Compass to access their 1098-T form.