Which of the following statements is true regarding education tax credits? Group of answer choices The American Opportunity credit permits a maximum credit of 20% of qualified expenses up to $10,000 per year. The lifetime learning credit is available for qualifying tuition and related expenses incurred by students pursuing only graduate degrees. The American Opportunities Credit is only available for the first four-years of higher education. The American Opportunity Credit is calculated per return, while the lifetime learning credit is available per eligible student.

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Q: What is the maximum amount of tax years a student may claim the lifetime learning credit?

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Q: the lifetime learning credit

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Q: Which of the following statements is not true regarding the education credits?   Multiple Choice…

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