Answer the following questions about claiming the American Opportunity Credit and Lifetime Learning Credit by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
- True or False? Both the American Opportunity Credit and Lifetime Learning Credit can be claimed if a taxpayer has paid higher education expenses for an eligible student as long as they meet the general requirements.
- Mateo takes part-time classes at a local university. He is now a junior in college. Which credit is he eligible for?
- Which of the following individuals is eligible for the American Opportunity Credit?
- Bruce and Toni are married and file a joint tax return. Toni is a part-time student at the local community college, earning credits toward an associate degree in nursing. Which credit is Toni eligible for on her tuition and fees?