Bruce and Toni Harper are married and file a joint tax return. For 2022, their MAGI is $75000.Toni is attending a local college ( an eligible educational institution) to earn credit toward a degree in nursing. She already has a Bachelor's degree in history and wants to become a nurse. In August 2022, Toni paid $ 5000 of qualified education expenses for her fall 2022 semester. Bruce and Toni can claim a life time learning credit on their joint income tax return for what amount?

$0 

$1,000 

$2,500 

$5,000

Answer rating: 100% (QA)

The lifetime credit is available for an unlimited number of ye... View the full answer