The American opportunity tax credit is available only for those students who are in their first or second year of postsecondary education.
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Q16: Tax rate schedules are provided for use
Q17: Taxpayers are not allowed to deduct the
Q18: The kiddie tax does not apply to
Q19: Long-term capital gains, dividends, and taxable interest
Q20: Generally, income from an active trade or
Q22: The American opportunity tax credit and lifetime
Q23: John and Sally pay Janet (Sally's older
Q24: All else equal, taxpayers are more likely
Q25: Employees must pay both Social Security tax
Q26: The lifetime learning credit can be used
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