Burton and Kay are married, file a joint return with an AGI of $118,000, and have one dependent child, Tyler, who is a full- time student in a Master of Accountancy program. The following expenses relate to his costs of attendance in 2018: The tuition noted above is the gross amount charged before reduction for his $5,000 tuition scholarship. What is the maximum education credit allowed to Burton and Kay?

Question

Burton and Kay are married, file a joint return with an AGI of $118,000, and have one dependent child, Tyler, who is a full- time student in a Master of Accountancy program. The following expenses relate to his costs of attendance in 2018:  The tuition noted above is the gross amount charged before reduction for his $5,000 tuition scholarship. What is the maximum education credit allowed to Burton and Kay?

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The Answer of Burton and Kay are married, file a joint return with an AGI of $118,000, and have one dependent child, Tyler, who is a full- time student in a Master of Accountancy program. The following expenses relate to his costs of attendance in 2018:  The tuition noted above is the gross amount charged before reduction for his $5,000 tuition scholarship. What is the maximum education credit allowed to Burton and Kay?

Burton and Kay Are Married, File a Joint Return with an AGI