Which of the following statements is not true regarding the education credits? Multiple Choice The American Opportunity tax credit is only available for the first two years of postsecondary education. The American Opportunity tax credit is limited to $2,500 per student per year. The Lifetime Learning credit is limited to $2,000 per taxpayer per year. A taxpayer cannot receive the American Opportunity tax credit if he/she has a felony drug conviction.
Which of the following statements is not true regarding the education credits? Multiple Choice The American Opportunity tax credit is only available for the first two years of postsecondary education. The American Opportunity tax credit is limited to $2,500 per student per year. The Lifetime Learning credit is limited to $2,000 per taxpayer per year. A taxpayer cannot receive the American Opportunity tax credit if he/she has a felony drug conviction.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Which of the following statements is not true regarding the education credits?
Multiple Choice
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The American Opportunity tax credit is only available for the first two years of postsecondary education.
-
The American Opportunity tax credit is limited to $2,500 per student per year.
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The Lifetime Learning credit is limited to $2,000 per taxpayer per year.
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A taxpayer cannot receive the American Opportunity tax credit if he/she has a felony drug conviction.
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