This fall Marsha and Jeff paid $5,000 for their son Josh's tuition and fees at State University (a qualified education institution).They also paid $1,000 for Josh's books.How much of these two payments can Marsha and Jeff deduct this year,assuming Josh is their dependent and their modified AGI is $135,000? (Assume the 2016 rules apply for purposes of the qualified education expense deduction.)

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The Answer of This fall Marsha and Jeff paid $5,000 for their son Josh's tuition and fees at State University (a qualified education institution).They also paid $1,000 for Josh's books.How much of these two payments can Marsha and Jeff deduct this year,assuming Josh is their dependent and their modified AGI is $135,000? (Assume the 2016 rules apply for purposes of the qualified education expense deduction.)

This Fall Marsha and Jeff Paid $5,000 for Their Son