Americal Opportunity Credit

COHiker · ‎January 23, 2023

We paid my son's fall 2022 tuition in August '22. We paid for the Spring semester January 2nd 2023 and not in December '22 because loans had not been apllied.

My question is can I include the tuition paid 1/2/23 for 2022 taxes? I heard that you can only use the credit for 4 years. If I don't include it in 2022 then the year he graduates I won't get to use the deduction. I guess we could pay for 3 semesters in one year.

MinhT1 · ‎January 23, 2023

You can only include the tuition you actually paid in 2022 on your 2022 tax return. This tuition is reported on form 1098-T issued by your son's college,

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