Which of the following statements is not true regarding the education credits?
A) The American opportunity tax credit is limited to $2,500 per student per year.
B) A taxpayer cannot receive the American opportunity tax credit if he/she has a felony drug conviction.
C) The American opportunity tax credit is only available for the first two years of postsecondary education.
D) The lifetime learning credit is limited to $2,000 per taxpayer per year.
Correct Answer:
Verified
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