Spring 2017 tuition paid in 2016

1 reply
23 views

Hi there, my educational institution included tuition and related expenses for an academic period beginning Spring 2017. Can I claim this on 2017 instead of this year?

TurboTax Premier Online

PatriciaVAnswer

Alumni - Intuit

It depends on when those expenses were paid. Form 1098-T sent by your school should report what was paid in 2016.

If you paid in 2016, then the expenses would only be deductible on your 2016 tax return. Likewise, if you won't pay this until 2017, you would report the expenses next year.

This link will give you a great overview of these deductions: TurboTax Tax Tips: Deduction for Higher Education

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

PatriciaVAnswer

Alumni - Intuit

It depends on when those expenses were paid. Form 1098-T sent by your school should report what was paid in 2016.

If you paid in 2016, then the expenses would only be deductible on your 2016 tax return. Likewise, if you won't pay this until 2017, you would report the expenses next year.

This link will give you a great overview of these deductions: TurboTax Tax Tips: Deduction for Higher Education

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"