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Janie graduates from highschool in 2019 and enrolls in college in the fall. Her parents (who...

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Accounting

Janie graduates from highschool in 2019 and enrolls in collegein the fall. Her parents (who file a joint return) pay $12,225 forher tuition and fees.

Assuming Janie's parents have AGI of $172,600, what is theAmerican Opportunity tax credit they can claim for Janie?

Answer & Explanation Solved by verified expert
4.3 Ratings (593 Votes)
As stated in IRS income limits for AOTC American Opportunity Tax Credit would be MAGI Modified adjusted gross income must be 80000 or less 160000 or less for married    See Answer
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