ll of 2020 after having completed her junior year during the spring of that year. Both Devona and Arethia are claimed as dependents on their parents’ tax return. Devonia’s qualifying tuition expenses and fees total $4,0
Jerome and Kelly are married, file a joint tax return, have AGI of $102,000 and have two children. Devona
is beginning her freshman year at State University during the fall of 2020 and Arethia is beginning her
senior year at Northeast University during the fall of 2020 after having completed her junior year during the
spring of that year. Both Devona and Arethia are claimed as dependents on their parents’ tax return.
Devonia’s qualifying tuition expenses and fees total $4,000 for the fall semester and Aretha's qualifying
tuition expenses and fees total $6,200 for each semester during 2020. Full payment is made for the tuition
and related expenses for both children during each semester. Calculate their education tax credits.
available to Jerome and Kelly for 2020.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
