Who can claim a tax credit for education expenses

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Question - The Grays' son Joel, graduated and received his bachelor's degree in June 2018. In 2018, Joel turned age 24 and provided more than half of his support. The Gray's file jointly with modified AGI of $116,000. Joel has modified AGI of $26,000. Who can claim a tax credit for education expenses paid by Joel during 2018?

A) Only the Grays can claim the Lifetime Learning Credit or the American Opportunity Credit (if Joel qualifies), whichever is more beneficial.

B) Only Joel can claim the Lifetime Learning Credit or the American Opportunity Credit ( if he qualifies), whichever is more beneficial.

C) Either the Grays or Joel (but not both) can claim an education tax credit.

D) Neither the Grays nor Joel can claim an education tax credit.

Reference no: EM132493998

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