Question
American Opportunity Tax Credit: The Days paid the tuition for their oldest son to go to university. They paid well over $4,000 in tuition costs
American Opportunity Tax Credit: The Days paid the tuition for their oldest son to go to university. They paid well over $4,000 in tuition costs during 2022. Calculate the amount of AOC that the Days are eligible to claim. The credit is 40% refundable (60% nonrefundable). Enter the appropriate amounts on Line 20 and Line 29 of Form 1040. You do not need to complete Form 8863.
AGI is $153,174
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Accounting For Non-Accounting Students
Authors: John R. Dyson, Ellie Franklin
9th Edition
978-1292128979, 1292128976
