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American Opportunity Tax Credit

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Janie graduates from high school in 2012 and enrolls in college in the fall. her parents pay $4,000 for her tutiion and fees.
a. assuming janie's parents have agi of 170,000, what is the american opportunity credit they can claim for janie?
b. assume her parents have agi of 75,000, whats the american opportunity credit they can claim for janie?

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a. assuming janie's parents have agi of 170,000, what is the american opportunity credit they can claim for janie?

The full credit is available for taxpayers that make up to $160,000 for married filing joint, and up to $80,000 for single taxpayers. At $170,000, the parents ...

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