Tammy has a daughter attending Big State University on a full-time basis. Tammy files her income tax as a head of household and earns a $60,000 salary. Which federal tax credit can she claim?
A) American opportunity tax credit
B) Lifetime learning tax credit
C) Either tax credit for the same dependent if the dependent qualifies for both credits
D) Both tax credits for the same dependent if the dependent qualifies for both credits
Correct Answer:
Verified
Q86: Which of the three government college savings
Q87: Which of these government college savings programs
Q88: What are the income limits for Section
Q89: Who controls the account for Section 529
Q90: Contributions to a Coverdell Education Savings Account
Q92: If you have begun paying back your
Q93: Benjamin earns $150,000 per year and has
Q94: Robert Barron's mother is a wealthy widow
Q95: The American opportunity tax credit is a
Q96: The lifetime learning tax credit is a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents