Tax Forms for the American Opportunity Tax Credit, Lifetime Learning Credit Now Online

By Sue Gettlin | January 26, 2016

The form to claim the American Opportunity Tax Credit or Lifetime Learning Credit (1098T) now is available online at the Tax Credit Reporting Service (TCRS) Student/Taxpayer Web site at www.1098t.com. TCRS provides tax credit reporting services for Arcadia students. At this site, click on Access My Record. A Social Security number or PowerCampus ID number and last name will be needed to retrieve the record. (No PIN is needed.)  If using a PowerCampus ID number to log on to the student/taxpayer website, the letter “M” must be put at the end of the ID number.

A hard copy also will be sent to students’ home addresses by Jan. 31, 2016. Please contact the Tax Credit Reporting Service Call Center at 1-877-467-3821 or Maureen Kelly, Student Account Specialist, at 215-572-2948 or by e-mail at kellym@arcadia.edu with any questions. The TCRS also provides useful information on education tax credits for eligible tax payers. These benefits, called the American Opportunity Tax Credit and Lifetime Learning Credit, allow taxpayers to reduce their federal income tax based upon qualified tuition and fees paid, assuming the taxpayer meets all TRA requirements.