FOCUSGuy
Level 3

I have claimed the 'American Opportunity Credit' and 'Education Credit' for the last four tax years: 2016, 2017, 2018, and 2019. 

These credits were for my son/dependent. 

He graduated in June of 2020, started working; and I will not claim him as a dependent in 2020. 

I paid $11,503 for his tuition in 2020 (last semester of his senior year). 

I understand the 'American Opportunity Credit' is not available, as if is for only four years. 

What about the 'Education Credit'? 

Can I claim the 'Education Credit' on my tax return for 2020 (even though the student, my son, won't be a dependent on my 2020 tax return)? 

If I cannot can my son claim an 'Education Credit' for the tuition payment?  (Perhaps, under the concept that this is a gift to my son, which was then used to pay for tuition?)

Thank you all, in advance, for your thoughts. 

 

 

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