Where do I enter amount paid for college enrollment deposit for upcoming year?

[buncefam4]

Our son is a high school senior this year and we already paid the enrollment deposit for Fall 2024.  Can I deduct this expense in 2023 since that's when we paid it?

[SusanY1]

No, you don't deduct the deposit. 

You will begin reporting his college expenses next year, using a document his school will provide called a 1098-T.  Schools tend to provide these via student accounts, typically, so you may have to ask your son to retrieve it for you after year-end.  

Reporting college expenses and scholarships on your tax return can be a bit daunting, especially the first year, but we have many experts and Community contributors who are well-versed in this area who will offer you guidance and support if needed when you file next year.