What are the amount and type of education tax credits

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Question

Walt and Deloris have two dependent children, Bill and Tiffany. Bill is a freshman at State University, and Tiffany is working on her graduate degree. The couple paid qualified expenses of $2,400 for Bill (who is a half-time student) and $6,100 for Tiffany. What are the amount and type of education tax credits that Walt and Deloris can take, assuming they have no modified AGI limitation?

             Amount of credit Type of Credit ( AOTC or Lifetime learning credit)

Bill

Tiffany

Total

Reference no: EM132315979

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