Jake is 27 and nicole 26 are married and filing a joint return jake was employed full time during the year. Nicole worked partime and she also was a full time student at state university. During the uear she paid 3800 in tuition and fees substantiated with form 1098 t she did not receive any scholarship during
Jake is 27 and nicole 26 are married and filing a joint return jake was employed full time during the year. Nicole worked partime and she also was a full time student at state university. During the uear she paid 3800 in tuition and fees substantiated with form 1098 t she did not receive any scholarship during the year. Nocole meets all requirements to qualify for the American opportunities tax credit . The couple gross income is 47000 theis tax on line 16 and 18 on the 1040 form is 2272 they had no additional taxes. What amount can jack and nicole clain for American opportunities tax credot when they file the 2020 return?
Assuming all other requirements are met what is the couple refundable portion of the American opportunities tax credit?
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