Which education credit would be most beneficial for the snow


Question: Amy and Don Snow are married, file a joint tax return, and have one dependent child, Erica. The Snows report modified AGI of $95,000. The couple paid $11,000 of tuition and $10,000 for room and board for Erica, a full-time third-year student at City College and claimed as a dependent by Amy and Don. Which education credit would be most beneficial for the Snow's? Group of answer choices American opportunity credit Lifetime learning credit Neither - Their income disqualifies them for education credits.

 

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Accounting Basics: Which education credit would be most beneficial for the snow
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