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Question - Maria, age 30, is a part-time graduate student who pays $7,000 in tuition in the current year. Her AGI is $62,000. What the correct statement about Maria's eligible education credit.
Maria is entitled to a Lifetime Learning Credit of $1,400.
Maria is entitled to an American Opportunity Credit of $2,500.
Maria is not entitled to any education tax credits.
Maria is entitled to a reduced Lifetime Learning Credit of less than $1,400.
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