Question
Bradley and Allie have two college-age children, Clint, a freshman at State University, and Abigail, a junior at Northwest University. Both Clint and Abigail are
Bradley and Allie have two college-age children, Clint, a freshman at State University, and Abigail, a junior at Northwest University. Both Clint and Abigail are full-time students. Clints expenses during the 2022 fall semester are as follows: $2,400 tuition, $250 books and course materials, and $1,600 room and board. Abigails expenses for the 2022 calendar year are as follows: $10,200 tuition, $1,200 books and course materials, and $3,600 room and board. Tuition and the applicable room and board costs are paid at the beginning of each semester. Bradley and Allie file a joint tax return, claim both children as dependents, and report a combined AGI of $114,000 for 2022. Determine the available education tax credit for 2022.
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