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In 2021, Laureen is currently single. She paid $2,700 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to
In 2021, Laureen is currently single. She paid $2,700 of qualified tuition and related expenses for each of her twin daughters Sheri and Meri to attend State University as freshmen ($2,700 each for a total of $5,400). Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,900 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,400 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? (Leave no answer blank. Enter zero if applicable.) a. Laureen's AGI is $45,000. Credits Description American opportunity tax credit Lifetime learning credit b. Laureen's AGI is $95,000. Credits Description American opportunity tax credit Lifetime learning credit c. Laureen's AGI is $45,000 and Laureen paid $12,400 (not $1,900) for Ryan to attend graduate school (i.e., his fifth year, not his junior year). Credits Description American opportunity tax credit Lifetime learning credit
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