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I was charged for my 2017 tuition at the end of 2016. Do those charges still count for my 2017 tax break?
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Maybe. School years and calendar years often overlap. If the school billed in December 2016 for classes that started in January 2017 and-
if you paid for the classes in 2016, those fees are education expenses for 2016
if you paid for the classes in 2017, those fees are education expenses for 2017
Credits are based on what was paid in the tax year.
According to the IRS:
“If your school sent you a 1098-T in 2016 and it showed that you were billed in 2016 for classes that started in 2017, and you paid for those classes in 2017, you may use that amount to apply for an education credit in 2017. You may or may not receive a 1098-T in 2017 from the school. You could not have used that amount (the fee for the 2017 classes) towards a credit last year.
Y ou can't use any amount you paid in 2016 or 2018 to figure the qualified education expenses you use to figure your 2017 education credit(s).”
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