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In 2020, Laureen is currently single. She paid $2,720 of qualified
tuition and related expenses for each of her twin daughters Sheri
and Meri to attend State University as freshmen ($2,720 each for a
total of $5,440). Sheri and Meri qualify as Laureen’s dependents.
Laureen also paid $1,910 for her son Ryan’s (also Laureen’s
dependent) tuition and related expenses to attend his junior year
at State University. Finally, Laureen paid $1,410 for herself to
attend seminars at a community college to help her improve her job
skills. (Leave no answer blank. Enter zero if
applicable.)
c. Laureen’s AGI is $45,000 and Laureen paid $12,420 (not $1,910) for Ryan to attend graduate school (i.e., his fifth year, not his junior year).
American opportunity tax credit =
Lifetime learning credit =
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