The first $10,000 of his expenses are used to calculate up to $2,500 for the American Opportunity Tax Credit. He may be over that amount for the other three quarters anyway. You are still eligible to claim the credit if he was at least half-time for at least one academic period during 2020. Report your education expenses as paid.
To do this in TurboTax, follow these steps:
- In the search box inside TurboTax, enter education.
- Select the Jump to link in the search results
- Complete the interview. You will need Form 1098-T.
For more information, see: Who is eligible to take the American Opportunity Tax Credit?
