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Gary, who is single, has adjusted gross income of $105,000 and itemized deductions of $15,000. He is considering making a charitable contribution of $5,300 and
Gary, who is single, has adjusted gross income of $105,000 and itemized deductions of $15,000. He is considering making a charitable contribution of $5,300 and he is in the 24% tax bracket. Gary could also spend $5,300 on a postsecondary education course that qualifies for the Lifetime Learning Credit. Which is the best tax choice to reduce his overall liability
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