Definite education expenses can be taken as a deduction

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Reference no: EM1379879

Your client, a single, individual taxpayer has heard that definite education expenses can be taken as a deduction or a credit. Though your client doesn't know what that phrase means. In a memo of around one page, please describe the difference between a deduction and a credit where (on what part of Form 1040) is used for each when one would select to deduction (and when he would take a credit), as well as how deductions and credits affect AGI if at all.

Reference no: EM1379879

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