Danielle is a divorced single parent who is currently paying back a college loan,attending graduate school part-time,and working full-time earning $42,000.She has custody and provides all support for her child.Which of the following adjustments,deductions,or credits might apply to her?

Question

Quizplus · Accepted Answer

A) Danielle may be eligible for an adjustment for student loan interest, as she is currently paying back a college loan while also attending graduate school part-time.

B) As a single parent providing all support for her child, Danielle may be eligible for the child tax credit.

C) Danielle may also qualify for the child and dependent care credit, as she has custody of her child and likely incurs expenses for their care while she is working and attending school.

D) Finally, Danielle may be eligible for the lifetime learning tax credit, as she is attending graduate school part-time.

Therefore, all of the above adjustments, deductions, or credits may apply to Danielle.

Danielle Is a Divorced Single Parent Who Is Currently Paying