Jim is a freshman at the University of Michigan where his tuition is $5,000. Shaleen, his older sister, is a junior at St. Louis University, where tuition is $18,000. Inspired by his childrens educational efforts, their father, Greg, decided to return to school and pursue a welders certification. This costs $5,000 and it will improve his skills at his current job. What is the maximum tax credit this family can take?

What if their mother, Alicia, also decides to return to school for an accounting certificate that enhances her ability to receive a promotion? The tuition is $6,500. Now what is the maximum tax credit this family can take?

Jim is a freshman at the University of Michigan where his tuition is $5,000. Shaleen, his older sister, is a junior at St. Louis University, where tuition is $18,000. Inspired by his children's educational efforts, their father, Greg, decided to return to school and pursue a welder's certification. This costs $5,000 and it will improve his skills at his current job. What is the maximum tax credit this family can take? What if their mother, Alicia, also decides to return to school for an accounting certificate that enhances her ability to receive a promotion? The tuition is $6,500. Now what is the maximum tax credit this family can take