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How much American Opportunity credit Anthony and Judy take

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Reference no: EM132612828

Question - Anthony and Judy are married with a daughter, Jessica, attending college. Their AGI for 2020 is $175,000. Jessica is in her 3rd year at college and a full-time student. Her costs for the year were $3000 in tuition, $6000 in room and board, and $500 in textbooks and supplies.

Anthony is also working towards his Master's Degree, paying $10,000 in tuition. How much American Opportunity credit can Anthony and Judy take?

a. $594

b. None of these

c. $1219

d. $625

e. $1250

Reference no: EM132612828

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