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Anthony and Judy are married with a daughter, Jessica, attending college. Their AGI for 2020 is $175,000. Jessica is in her 3rd year at college
Anthony and Judy are married with a daughter, Jessica, attending college. Their AGI for 2020 is $175,000. Jessica is in her 3rd year at college and a full-time student. Her costs for the year were $3000 in tuition, $6000 in room and board, and $500 in textbooks and supplies. Anthony is also working towards his Masters Degree, paying $10,000 in tuition. How much American Opportunity credit can Anthony and Judy take?
a. $625
b. $1250
c. None of these
d. $594
e. $1219
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