Originally Posted by JohnPolizzano
so no 2018 credit even though the tuition and fees were paid in january 2018 for the spring 2018 semester? i was hoping to get 4 years of the tuition credit!
assaid,basically, it doesn't matter when the the tuition was billed or what the
1098-T says. What matters is when was the tuition was actually PAID. since the
spring 2018tuition was paid in 2017, it was deductible (or counted toward the ed credit) in 2017.
If it wasn't paid until 2018, it gets reported on your 2018 tax return. That's one of the purposes of a December billing, to give the taxpayer the option of paying in 2017 or 2018.