Progress:$8/20$ items

Question Content Area

Which of the following is true regarding the American Opportunity tax credit?

a$.$ It is available for $2$ years of post$-$graduate education.

b$.$ It is fully refundable even if the credit exceeds the tax liability.

c$.$ It is $50\%$ of the first $$1,200$ of tuition and fees paid and $100\%$ of the next $$1,200.$

d$.$ It is available for qualifying expenses paid on behalf of the taxpayer, spouse, and dependents.