1098T Information

The Taxpayer Relief Act of 1997 (TRA97)

The Taxpayer Relief Act of 1997 may offer you the opportunity for tax savings through the following:

  • Hope Scholarship Tax Credit
  • Lifetime Learning Tax Credit

Please note that the Hope credit is actually a tax credit and not a scholarship. Tax credits and interest deductions are subtracted directly from the tax a family owes to the Internal Revenue Service and will NOT appear on your billing statement from the Davis Technical College.

Davis Technical College’s intent is not to offer tax advice but to alert students and parents of the potential tax credit. Please contact a tax professional or the IRS at (800) 829-1040.

As permitted by the IRS, the College has chosen to populate the amount RECEIVED for qualified tuition and fees in Box 1 on the 1098-T as opposed to payments billed (Box 2). Please note that the College does not provide the optional Box 2 payment information and will not provide a modified form.

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