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What is the American Opportunity tax credit

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Reference no: EM132727001

Question - Education Tax Credits

Janie graduates from high school in 2019 and enrolls in college in the fall. Her parents (who file a joint return) pay $13,350 for her tuition and fees.

If required, round your computations to the nearest whole value.

a. Assuming Janie's parents have AGI of $170,600, what is the American Opportunity tax credit they can claim for Janie?

b. Assuming Janie's parents have AGI of $68,240, what is the American Opportunity tax credit they can claim for Janie?

Reference no: EM132727001

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