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March 10, 2022
Question

Can I deduct a college enrollment deposit made in 2021 that is recorded by the college as a *tuition* credit? I will not start paying tuition until Aug 2022 due to gap yr

  • March 10, 2022
  • 2 replies
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2 replies

Hal_Al
Employee
March 10, 2022

No. "For purposes of the lifetime learning credit, an eligible student is a student who is enrolled in one or more courses at an eligible educational institution".  For the American Opportunity Credit, you would have to be half time or more. 

March 10, 2022

No.

 

The tuition deduction has not been extended for 2021.

 

For the education credits, you have to be enrolled at an eligible educational institution in the tax year. 

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