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Which of the following are valid ways of handling tuition and fees tax credits and / or adjustments on an Oregon tax return? Question 55Select
Which of the following are valid ways of handling tuition and fees tax credits and / or adjustments on an Oregon tax return? Question 55Select one: a. An individual may make an adjustment to income of up to $4,000 per child for qualified tuition and fees paid b. An individual can claim an Oregon subtraction for the amount of the federal American Oppurtunity Credit or the Lifetime Learning Credit that they could have claimed as an adjustment to income on their federal return, had they elected to claim the deduction for qualified tuition and fees c. All federal education-related credits and deductions will flow through to an individual's Oregon return via their federal adjusted gross income, so no additional adjustments are necessary on their Oregon return. d. All federal education-related credits and deductions are not recognized by Oregon and therefore will need to be added back on the Oregon return. e. A or B are correct
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