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Sara's daughter Tara completed her senior year of college in 2017. Sara paid $5,000 in qualified education expenses for Tara in 2017. Sara is a
Sara's daughter Tara completed her senior year of college in 2017. Sara paid $5,000 in qualified education expenses for Tara in 2017. Sara is a single taxpayer and has an AGI of $50,000 for 2017. What, if any, education credit may Sara claim and how much is the credit?
A. Sara is not eligible to claim an education credit.
B. American Opportunity Tax Credit in the amount of $1,800.
C. American Opportunity Tax Credit in the amount of $2,500.
D. Lifetime Learning Credit in the amount of $2,000.
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