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Old 10-14-2014, 09:01 AM
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Question Can I claim the AOTC credit for 2014 for expenses for spring 2015?

Hi,

I'm returning to school in Spring 2015 and will be enrolled in a degree-granting program. I have not been in school since around 2011. In November, I am ordering books and other course materials. Can I claim the American Opportunity Tax Credit for tax year 2014 based on these expenses for spring 2015?



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Old 10-15-2014, 09:18 AM
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Quote:
Originally Posted by BrokeStudent2015 View Post
Hi,

I'm returning to school in Spring 2015 and will be enrolled in a degree-granting program. I have not been in school since around 2011. In November, I am ordering books and other course materials. Can I claim the American Opportunity Tax Credit for tax year 2014 based on these expenses for spring 2015?
yes;amounts paid in 2014 for an academic period that begin before Apr 1 2015, are eligible expenses for 2014.The AOC is available for the year in which the qualified edu expenses are paid.qualified edu expenses for AOC are;books, supplies, and eqmt needed for course of study whether or not the materials are purchased from the edu institution.



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