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April 17, 2022
Question

If I graduated in 2019, but paid off my tuition in 2021 and received a 1098T, am I eligible for deductions?

  • April 17, 2022
  • 1 reply
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1 reply

Hal_Al
Employee
April 17, 2022

No.

To qualify for the credit, "the expenses paid during the tax year must be for an academic period that begins in the same tax year or an academic period that begins in the first three months of the following tax year".

 

Reference: IRS Publication 970