AmeriCorps • Your Education Award
Check Your AmeriCorps Education Award Online
If you would like to check the amount of your award online, please go to:http://americorps.org/for_individuals/alumni/education_award_balance.asp
Please contact AmeriCorps directly at 1-888-507-5962 if you are having trouble logging in.
My AmeriCorps
(Forebearance, Interest Accrual, View & Print 1099 Forms, Modify Contact Information, and Certifiy the Completion of your AmeriCorps Service)
My AmeriCorps is a space just for those who serve or have served. My AmeriCorps will provide interactive tools and customized information for members at every stage of their AmeriCorps experience. This site will automate and make many of the most frequently used and requested forms associated with serving available online.In order to access My AmeriCorps, you must first register for an account. Please click on the link below to register and/or access your account:
https://my.americorps.gov/mp/login.do
In addition, this new automated system lets you view the status of your requests, provides you with up to date information on your AmeriCorps Education Award balances, the history of your requests and even lets you update your contact information online. The automated payment process and online system provide many benefits to you. Here are just a few of the highlights and an illustration of the capabilities of the AmeriCorps Online Payment System:
- Modify contact information (addresses, email address)
- View and print 1099 forms
- Complete loan forbearance and interest accrual forms
- Access letters to certify successful service with an AmeriCorps program
- Use all of the features and forms that were available in the AmeriCorps Online Payment System (automated payments to schools/institutions from the AmeriCorps Education Award)
Taxes
The Education Award, unlike most other forms of scholarships and
fellowships, is subject to federal tax in the year the Trust pays the
voucher. The Trust DOES NOT deduct taxes from your education award or
interest payments. After the calendar year in which AmeriCorps paid
your education award or interest payments, they send you a Form 1099 to
be used in preparing your income tax return. The total sum of interest
payments and the education award are listed together on the 1099 form.
For more information on the 1099, go to AmeriCorps website page on tax
information http://www.americorps.org/members/resource/education/benefits.html.
While you are responsible for taxes on your education award and other AmeriCorps benefits, you may be eligible for other tax relief through the Taxpayer Relief Act of 1997. See the AmeriCorps website page on tax credits or the U.S. Department of Education's website page on the Hope Scholarship http://www.ed.gov/inits/hope for more information.
Unfortunately, the Corporation is not able to give individual guidance. While there is no substitute for a tax professional, you can start learning the basics by contacting the Internal Revenue Service in any of the following ways:
- The IRS has compiled a list of frequently-asked questions about the education credits and student loan interest deduction.
- The U.S. Department of Education's website has helpful information at: http://www.ed.gov/inits/hope/
- The IRS TELETAX (1-800-829-4477) has recorded information on the new education credits (Topic # 605) and student loan interest deduction (Topic #456). To order free publications and forms, call 1-800-TAX-FORM(1-800-829-3676). You can start with Publication 910, Guide to Free Tax Services. Publication 970, Tax Benefits for Higher Education, provides step by step assistance to those seeking to benefit from the education tax credits or interest deduction. The IRS's phone number is 1-800-829-1040.