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 2024 and dropped out of college in 2025. Ben and Lucy obtained a personal loan in 2023 and used the proceeds to pay for tuition and related fees in 2024. The loan was repaid in 2025.

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

2024
2025