Question
Gloria and Ed Phillips file a joint tax return and have an adjusted gross income (AGI) of $110,000 for 2020. Their son, Randall, began his
Gloria and Ed Phillips file a joint tax return and have an adjusted gross income (AGI) of $110,000 for 2020. Their son, Randall, began his first year of graduate school in 2019. The Phillips' expenses incurred in 2020 were $8,000 for tuition. What is the amount of Lifetime Learning Credit the Phillips's may claim in 2020?
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Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
