Bursar's Office
Tax Credits for Education
The Taxpayer Relief Act of 1997 enacted several benefits for college students, including the Hope and Lifetime Learning Credits.
New for 2009
For tax years 2009 and 2010, there is a new education credit called the American opportunity tax credit (AOC). This is a modification of the Hope Credit. For more information please click on the following links:
http://www.irs.gov/formspubs/article/0,,id=177996,00.html
http://www.irs.gov/newsroom/article/0,,id=205674,00.html
http://ftp.irs.gov/individuals/students/index.html
For Questions and Answers, please click on the following link: http://www.irs.gov/newsroom/article/0,,id=211309,00.html
You can access your 1098T Tax Notification through my.pnc.
Once you log in, click on the Enrollment tab, choose Tax Notification from the Student Services Box and enter the appropriate tax year. 1098T paper notifications will be mailed by the end of January every year.
PNC cannot determine if any individual student is eligible for the credit; you will need to get advice from the IRS or a tax advisor.
Tax Forms
Forms and publications are available on the IRS Web site. Files are in PDF Format , so you will need Adobe Acrobat Reader to view these files.
