Advanced Scenario 6: David Stone

Interview Notes

David Stone is 28 years old and single. He provides all of his own support.

David works at a gas station and earned $18,500 in wages.

David took two management courses at a community college to improve his job skills. He was less than a half time student. He wants to know if that qualifies for any educational tax benefit.

David took an early distribution from his IRA of $2,000 for tuition and $500 for emergency repairs of his air conditioning system. This is the first time he has taken a distribution from his IRA.

David is a U.S. citizen and lived in the U.S. for the entire year. He has a valid Social Security number.

Advanced Scenario 6: Test Questions

1. David's modified adjusted gross income (MAGI) must be less than $90,000 to claim the Lifetime Learning Credit in 2024.

a. True

b. False

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