I'm a full time worker and part time college student. It is taking me more than 4 calendar years to get my bachelors degree. I already got my associates degree. I only claimed the educational credit last year with my 1098-T. Even though it is taking me more than 4 years, since I'm still working on my 4 year degree, can I claim either one of the tax credits?
You'll need to sign in or create an account to connect with an expert.
You can only get the AOC four times, even if it is taking you more than four years to get your degree. You do not say how many times you used it. And if you were ever claimed as a dependent by a parent who got AOC for you, those times "count."
https://ttlc.intuit.com/questions/1901172-what-education-tax-credits-are-available
https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit
QUALIFIED EDUCATION EXPENSES
https://ttlc.intuit.com/questions/1899852-what-are-considered-qualified-education-expenses
https://ttlc.intuit.com/questions/2976047-what-are-examples-of-education-expenses
Maybe. There are two education credits and a tuition deduction. If you paid out of pocket or took out loans to pay for tuition, fees and books, you may qualify for a deduction or credit.
Look for the Education section under Deductions & Credits and answer the questions there. You will need a copy of your 1098-T form from your college and information about amounts spent on books.
Click here to see information from the IRS on this topic.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
andyb99
New Member
scoomes
New Member
BarryEM
Level 2
ErickaY
Community Manager
in Events
SDB60411
New Member