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Ted and Julia Higgins are married for all of 2023 with an AGI of $140,000 which includes $75,000 of earned income for Ted and
Ted and Julia Higgins are married for all of 2023 with an AGI of $140,000 which includes $75,000 of earned income for Ted and $25,000 of earned income for Sophia. They have one child, Sophia, who is 23 and a full-time student in her junior year at UCR. She incurred $6,000 of expenses for tuition and books and $5,000 for room and board. Half of her expenses were paid using scholarships and the remainder by Ted and Julia. Required: What is the total amount of tax credits that the Higgins' qualify for?
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