Question
In 2019, Laureen is currently single. She paid $2,340 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to
In 2019, Laureen is currently single. She paid $2,340 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,340 each for a total of $4,680). Sheri and Meri qualify as Laureens dependents. Laureen also paid $1,720 for her son Ryans (also Laureens dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,220 for herself to attend seminars at a community college to help her improve her job skills. What is the maximum amount of education credits Laureen can claim for these expenditures in each of the following alternative scenarios?
a. Laureen's AGI is $45,000.
American opportunity tax credit:
Lifetime learning credit:
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