Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Education Credits Workout

Qualifying Expenses

Skills Warm Up: Prepaid Expenses

Question 2 of 2

Ben and Lucy file a joint tax return. Their dependent, Amanda, was enrolled full time in college in 2021 and dropped out of college in 2022. Ben and Lucy obtained a personal loan in 2021 and used the proceeds to pay for tuition and related fees in 2021. The loan was repaid in 2022.

Which year will they be entitled to claim an education credit?

2021
2022