Uma attends graduate school. For 2022, she received a Form 1098-T showing tuition paid of $5,250. What is the maximum amount of lifetime learning credit she can claim for 2022?
Which of the following expenses is allowed for the American Opportunity Tax Credit?
Student health fees.
Room and board.
Lab fees for science class.
Which of the following reduces qualified education expenses for the education credits?
Expenses paid by credit card.
Employer tuition reimbursement.
529 Plan disbursements.
Hyacinthe (44) is unmarried, filing head of household, with the following income for the year:
· Wages, $32,275.
· Bank interest, $380.
· Municipal bond interest, $330.
· Lottery prize, $800.
· Gift from her father, $4,000.
Hyacinthe also contributed $2,500 to her traditional IRA, which she will deduct. Hyacinthe’s adjusted gross income is __________.
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