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  6) The maximum allowable American opportunity tax credit for the

Question :   6) The maximum allowable American opportunity tax credit for the : 2125643

 

6) The maximum allowable American opportunity tax credit for the current tax year is $2,500 per eligible student.

7) A student can only receive the lifetime learning credit if he/she is enrolled in a degree program.

8) The American opportunity tax credit phases out beginning at $80,000 of modified AGI for single taxpayers.

9) A taxpayer can receive both American opportunity tax and lifetime learning credits for the same education expenses in the same tax year.

10) Qualifying expenses for the American opportunity tax and lifetime learning credits include room and board.

 

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