TomK100
Expert Alumni

Deductions & credits

Probably not. 

 

To be eligible for the American Opportunity Tax Credit, the student must:

  • Be enrolled at least half time for at least one academic period* beginning in the tax year

*Academic Period can be semesters, trimesters, quarters or any other period of study such as a summer school session. The schools determine the academic periods. For schools that use clock or credit hours and do not have academic terms, the payment period may be treated as an academic period.

 

To be eligible for the Lifetime Learning Credit, the student must: 

  • Be enrolled for at least one academic period* beginning in the tax year.

*Academic Period can be semesters, trimesters, quarters or any other period of study such as a summer school session. Academic periods are determined by the school. For schools that use clock or credit hours and do not have academic terms, the payment period may be treated as an academic period.

 

You can enter the information from your 1098-T, and the program will determine if you are eligible tor any education credits.

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