medium · Certified Financial Planner General Principles
The Davenport household is paying 20,000 in tuition for their son’s freshman year of college in 2026. Their MAGI is140,000 (Married Filing Jointly).
What is the maximum American Opportunity Tax Credit (AOTC) they can claim?
- $5,000
- $2,500
- $1,000
- $2,000
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