Question: Mary is an 1 8 - year - old full - time student at Midwest University. Her parents claim her as a dependent on their
Mary is an yearold fulltime student at Midwest University. Her parents claim her as a dependent on their tax return. Mary has $ in unearned income this tax year. Her education expenses are as follows:
Tuition: $
Books and supplies: $
Room and board: $
Computer required by Midwest University: $
Fees: $
Transportation: $
What American Opportunity Tax Credits and Lifetime Learning Credits can Mary claim on her personal tax return this year for education expenses?
A
She may claim a $ Lifetime Learning Credit and a $ American Opportunity Tax Credit.
B
She is not eligible to claim either education tax credit.
C
She can only claim a $ American Opportunity Tax Credit.
D
She can claim either the $ Lifetime Learning Credit or the $ American Opportunity Tax Credit.
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