topic American Opportunity Tax Credit in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/american-opportunity-tax-credit/01/101649#M12600 I attended college full time from Jan - May 2016 when I graduated. I paid about $12,000 for tuition and also received about $12,000 in grants. But I had to make my tuition payment in December 2015 for the Spring 2016 semester. Can I still claim this tax credit even though I made the payment in 2015 but it was for the 2016 school year? Sat, 01 Jun 2019 04:26:12 GMT Brent 2019-06-01T04:26:12Z American Opportunity Tax Credit https://ttlc.intuit.com/community/tax-credits-deductions/discussion/american-opportunity-tax-credit/01/101649#M12600 I attended college full time from Jan - May 2016 when I graduated. I paid about $12,000 for tuition and also received about $12,000 in grants. But I had to make my tuition payment in December 2015 for the Spring 2016 semester. Can I still claim this tax credit even though I made the payment in 2015 but it was for the 2016 school year? Sat, 01 Jun 2019 04:26:12 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/american-opportunity-tax-credit/01/101649#M12600 Brent 2019-06-01T04:26:12Z It doesn't matter when the tuition was billed or what the... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/it-doesn-t-matter-when-the-tuition-was-billed-or-what-the/01/101660#M12602 <P>It doesn't matter when the tuition was billed or what the 1098-T says. What matters is when was the tuition was actually PAID. If the spring 2017 tuition was paid in 2016, it was deductible (or counted toward the education credit) in 2016.</P><P> </P><P>For example: If it wasn't paid until 2017, it gets reported on your 2017 tax return. That's one of the purposes of a December billing, to give the taxpayer the option of paying in 2016 or 2017.</P> Sat, 01 Jun 2019 04:26:14 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/it-doesn-t-matter-when-the-tuition-was-billed-or-what-the/01/101660#M12602 Patrice 2019-06-01T04:26:14Z
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topic American Opportunity Tax Credit in Deductions & credits
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/american-opportunity-tax-credit/01/101649#M12600
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I attended college full time from Jan - May 2016 when I graduated. I paid about $12,000 for tuition and also received about $12,000 in grants. But I had to make my tuition payment in December 2015 for the Spring 2016 semester. Can I still claim this tax credit even though I made the payment in 2015 but it was for the 2016 school year?
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/american-opportunity-tax-credit/01/101649#M12600
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I attended college full time from Jan - May 2016 when I graduated. I paid about $12,000 for tuition and also received about $12,000 in grants. But I had to make my tuition payment in December 2015 for the Spring 2016 semester. Can I still claim this tax credit even though I made the payment in 2015 but it was for the 2016 school year?
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It doesn't matter when the tuition was billed or what the...
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/it-doesn-t-matter-when-the-tuition-was-billed-or-what-the/01/101660#M12602
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<P>It doesn't matter when the tuition was billed or what the 1098-T says. What matters is when was the tuition was actually PAID. If the spring 2017 tuition was paid in 2016, it was deductible (or counted toward the education credit) in 2016.</P><P> </P><P>For example: If it wasn't paid until 2017, it gets reported on your 2017 tax return. That's one of the purposes of a December billing, to give the taxpayer the option of paying in 2016 or 2017.</P>
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