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davvic68
New Member

education expenses

My daughter is done with school but makes monthly payments to the school. She does not receive a 1098T. How does she file her payments?

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2 Replies

education expenses

You can still claim an education credit if your school that closed did not provide you a Form 1098-T. Your daughter has to be enrolled to  eligible educational institution to claim the Lifetime Learning credit. The maximum amount of covered expenses is $10,000 no matter how many students you have. This translates into a $2,000 maximum credit ($10,000 X 20%).

Be sure to keep a copy of the students school account statement with your tax file.

 

Tax educational credits

What Is the Lifetime Learning Tax Credit?

 

Hal_Al
Level 15

education expenses

She does not  file them, at all.  Payments made in arrears are not eligible for a tuition credit or deduction.  Only payments made in the same year as the course work are eligible*.

 

* One exception (that doesn't apply in your daughter's case): payments made in the current year for the 1st term of the following year may be counted. 

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