The American Opportunity Credit, which is the most advantageous, is available ONLY for 4 years while a student is perusing higher education. The school would need to consider your son as enrolled at least half time in a program leading to a degree.
There is another education credit available, but it is not as generous.
There are several factors to consider, but basically if in one year you incur at least $4,000 more in education expenses than you are re-reimbursed from tax-free assistance, such as scholarships and/or grants, you get the full credit.
If the tuition is being paid to the college, you may be eligible for the credit. If you are, you would have received a 1098-T in your child's name from the school.
A second option would be the Lifetime Learning Credit, which has no limit as to how many years it can be claimed.
The American Opportunity Credit, which is the most advantageous, is available ONLY for 4 years while a student is perusing higher education. The school would need to consider your son as enrolled at least half time in a program leading to a degree.
There is another education credit available, but it is not as generous.
There are several factors to consider, but basically if in one year you incur at least $4,000 more in education expenses than you are re-reimbursed from tax-free assistance, such as scholarships and/or grants, you get the full credit.
If the tuition is being paid to the college, you may be eligible for the credit. If you are, you would have received a 1098-T in your child's name from the school.
A second option would be the Lifetime Learning Credit, which has no limit as to how many years it can be claimed.