Max paid $5,000 of tuition for him to attend a private university this year. How much of this payment can Mason deduct as a qualifying education expense if he files single and reports modified AGI of $60,000 (assume the 2013 rules apply for purposes of the qualified education expense deduction)?
A) $5,000
B) $4,000
C) $2,000
D) $0
E) None of these.

Question

Quizplus · Accepted Answer

Under the 2013 rules, a single filer with a modified AGI of $60,000 can deduct up to $4,000 in qualified education expenses.

Max Paid $5,000 of Tuition for Him to Attend a Private