What amount, if any, may jim deduct

Reference no: EM133007159

Question: Jim needed to pay $7,850 in qualified education expenses for his son Tim in 2020. Jim files ajoint return and together with his spouse they show an AGI of $70,000 in 2020.

What amount, if any, may Jim deduct and how much is the credit?

Reference no: EM133007159

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