What can be claimed by jermaine and kesha

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Problem

Jermaine and Kesha are married, file a joint tax return, have AGI of $90,000, and have two children. Devona is beginning her freshman year at State University during Fall 2016, and Arethia is starting her Master's degree at Northeast University during Fall 2016. Doth Devona and Arethia are claimed as dependents on their parents' tax return. Devona's qualifying tuition expenses and fees total $4, 500 for the fall semester, while Arethia's qualifying tuition expenses and fees total $4, 250. Full payment is made for the tuition and related expenses for both children during the Fall 2016 semester. What can be claimed by Jermaine and Kesha for The American Opportunity Tax credit for 2016? (The phaseout for married taxpayers filing jointly for the American Opportunity Tax credit la for AGI of $160,000 - $180,000).

Reference no: EM131883604

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