My question is whether you can split spring semester fee by paying half amount in December and half payment in January (spring semester starting) and still claim the American Education credit for both tax years. For example, the Spring semester fee is $5000. If I pay $2500 in December 2024 and the other $2500 in January 2025 before deadline, would the $2500 paid in December 2024 be included in 1098T for 2024 and the other $2500 be included in 1098T? for 2025 tax year Would I able to claim American education credit in both tax years 2024 & 2025 for the amounts paid in those 2 years? Thanks in advance.
