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The American Opportunity Tax Credit Is a Tax Credit Up

Question 95

Multiple Choice

The American opportunity tax credit is a tax credit up to a maximum of


A) $500 for every eligible dependent who has incurred college expenses during the year.
B) $2,500 for every eligible dependent who has incurred college expenses during the year.
C) $2,000 per year for eligible college expenses incurred during a child's first two years of college.
D) $1,500 per year for eligible expenses incurred during a child's first two years of college.

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