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"Well Done - Simulation Complete"
Page 17 of 29
"Complete all scenarios before attempting the Assessment.
Review the content
in the Tax Tutorial
as well".
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Summary:Congratulations. You have completed Jon and Karen's Refundable American Opportunity Credit and Nonrefundable Education Credit by completing Form 8863. This form should be attached to the return. Enter $1000 on Form Schedule 3, line 7 and Form 1040, line 20. |
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Judy Hood (Sim 10B) Claiming Education Credits for the Lifetime Learning Credit In this simulation, you will take on the role of Judy Hood in order to learn how to claim the Lifetime Learning Credit using Form 8863. |
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Claiming Education Credits for the Lifetime Learning Credit
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You are single and taking a course at a local college in order to be recertified to teach in public schools. You have qualified tuition expenses of $800. Your AGI and MAGI is $30,000 and your tax liability on Form 1040, line 24 is $2,800. To review your personal information, click My Profile. |
