Toby is a first-year student in college during 2020.During 2020, his parents, Susan and Joseph Handy had adjusted gross income (AGI) of $152,000, and Toby's eligible expenses were $8,500. What is the amount of the American Opportunity Credit that the Handysmay use in 2020?

Answer rating: 100% (QA)

The American Opportunity Credit AOC is a tax credit available to taxpayers who pay ... View the full answer