1098-T change coming...

BelknapPoint
Fri, 07 Dec 2018 02:36:19 +0000

We always claimed fees for both semesters because we paid them in the same year (Aug and Dec).

If you do this for all four academic years, you can end up shortchanging yourself (or your child) of an extra year of education tax credits. If you instead make the payments for the four academic years over the five tax/calendar years that normally the academic years fall in, it’s possible to take full advantage of the maximum four American Opportunity Credits, plus a year of the Lifetime Learning Credit.