Juan paid $50,000 this year to attend an Executive MBA program at a top university. His AGI was $45,000 for the year as he quit his job to go to school full time. Which of the following is the best option for Juan to claim the available education credits?

Answers:

A. Juan should claim the $2,000 Lifetime Learning Credit

B. Juan should claim the $2,500 American Opportunity Tax Credit

C. Juan should claim both the $2,000 Lifetime Learning Credit and the $2,500 American Opportunity Tax Credit

D. Juan is unable to claim either the Lifetime Learning Credit or the American Opportunity Tax Credit