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 2087: What is the maximum education credit allowed to Tom and Anita?

Question

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 2087:  What is the maximum education credit allowed to Tom and Anita?

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The Answer of 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 2087:  What is the maximum education credit allowed to Tom and Anita?

Tom and Anita Are Married, File a Joint Return with an AGI