Max paid $5,000 of tuition for him to attend a private university this year. How much of this payment can Max deduct as a qualifying education expense if he files single andreports modified AGI of $60,000 (assume the 2016 rules apply for purposes of the qualified education expense deduction)?
A) $0.
B) $4,000.
C) $5,000.
D) $2,000.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

Under the 2016 rules, a single filer with a modified AGI of $65,000 or less can deduct up to $4,000 in qualified education expenses. Max's AGI of $60,000 qualifies him for the full $4,000 deduction.

Max Paid $5,000 of Tuition for Him to Attend a Private