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Tom and Anita are married, file a joint return with an AGI of $165,000, and have one dependent child, Tim, who is a first-time freshman
Tom and Anita are married, file a joint return with an AGI of $165,000, and have one dependent child, Tim, who is a first-time freshman in college. The following expenses are incurred and paid in 2019:
Tuition, fees and textbooks $11,000
Room and board $5,000
What is the maximum education credit allowed to Tom and Anita?
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