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apr5063
New Member

Can we deduct tuition costs (Jan-March 2018 class) if expended prior to april 1st of 2018?

 
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5 Replies

Can we deduct tuition costs (Jan-March 2018 class) if expended prior to april 1st of 2018?

Your 2017 tax return us based on 12/31/2017, not 4/1/2018.

apr5063
New Member

Can we deduct tuition costs (Jan-March 2018 class) if expended prior to april 1st of 2018?

I’m confused because I saw this on TurboTax.
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/2976047">https://ttlc.intuit.com/questions/2976047</a>

Can we deduct tuition costs (Jan-March 2018 class) if expended prior to april 1st of 2018?

You still would have to pay before the end of 2017, even if the classes are taking place in early 2018.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
apr5063
New Member

Can we deduct tuition costs (Jan-March 2018 class) if expended prior to april 1st of 2018?

I forgot to add that I am doing a payment deferral. It’ll be a 10 week course so I’ll be done mid March and I would be able to pay it off before the end of March.
Hal_Al
Level 15

Can we deduct tuition costs (Jan-March 2018 class) if expended prior to april 1st of 2018?

It is common for schools to bill for the spring term of 2018, in December of 2017. If you elect to pay before Dec. 31, 2017, you may deduct it on your 2017 return. In fact, you cannot wait and deuct it on on your 2018 return.

On the other hand, if you elect to pay in January, or use payment deferral until March, you cannot deduct it on your 2017 return but most wait until you file your 2018 return.
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