If your son does not graduate from high school until 2025, and did not start classes in the first 3 months of 2025, then you would not be able to claim the credit.
Also, the American Opportunity Tax credit is only good for the first 4 years of school. So, claiming the credit now when your expenses are $500, would cause you to lose out on a higher credit amount in future years. The credit is worth up to $2,500, if you are only claiming expenses of $500 you would only get a $500 credit, for the first year as opposed to waiting until he has tuition expenses and you could potentially get a credit of $2,500. Meaning, you would potentially lose $2,000 in credit if you claimed it for just the $500.
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