In 2020, Paul and Karen Mitchell pay $12,000 for their daughter’s tuition for the spring and fall semesters. Their daughter is a full-time graduate student. The Mitchell’s also paid $3,800 for their son’s tuition for the spring and fall semesters. In the fall of 2020, their son, Ron began his sophomore year in college full-time.

Compute the Mitchells’ 2020 education tax credit if their AGI is $124,600. How much of their credit is refundable v non-refundable?

Compute the Mitchells’ 2020 education tax credit if their AGI is $174,360. How much of their credit is refundable v non-refundable? 

Answer rating: 100% (QA)

a if AGI is 124600 than Mr Mitchells get 2000 per stude... View the full answer