:: Semester Courses
The following information is provided as an explanation only and should not be construed as tax advice. Please note you will receive a 1098T form after January 1 for any courses taken the previous calendar year. The amount you paid will not be filled in for University Extension courses; you are responsible for reporting accurately to the IRS the amount you spent on your courses.
Under the Tax Relief and Job Creation Act of 2010, the American Opportunity Tax credit (formerly Hope scholarship credit) provides up to $2500 per student for qualified tuition and related expenses through December 2012.
The Lifetime Learning Tax Credit is more broadly applicable to any post-secondary education to acquire or improve job skills. It provides a credit equal to 20% of qualified expenses of no more than $2000 per tax return.
Check with your tax advisor about using University Extension courses for educational tax credits.