KrisD
Intuit Alumni

Education

Yes, as long as you have a receipt of that payment.

If the school only reported box 2 "Amount billed" you will need to look at your records to see what was paid. Keep a copy with your tax file.

Use the 1098-T as a guide, but the IRS bases the credits and the tax liability on what was paid in 2016. The student school account statement often reports a clearer picture, especially when the school often bills in December for the next year.

For more detailed information, please click the link below:

CLICK HERE for IRS Pub 970 Tax Benefits for Education


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