Education tax credit and firm 8863 (Objs. 2 and 4) in 2019, Jean Lopetein (SSN 169-34-2903) paid $3,300 for her son's fall tuition. Her son, Robert Loptein ( SSN 399-40-1120), is a full-time student and a freshman at the university of Georgia (212 Carlton Street, Athens, GA 30602). Jean files as head of household.

a. Compute Jean's education tax credit if her AGI is $32,800. How much of her credit is refundable versus nonrefundable?

b. Same as in part a., except that Jean's AGI is $84,700.

C). Prepare form 8863 for Jean in part b. Robert received a form 1098-T from the University of Georgia, whose employer identification number is 53-2226900. Box 7 on the form was not checked. Robert has not been convicted of a felony.

Answer rating: 100% (QA)

a The education tax credit available to Jean Lopetein is the American Opportunity Tax Credit AOTC which is calculated as 100 of the first 2000 of qual... View the full answer