Understanding Taxes - Education Credits

Module 10: Education Credits

Page 9 of 10

Quick Check

"Answer the following multiple-choice questions about eligibility for the American Opportunity Credit and Lifetime Learning Credit by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page."~ Tina the Tax Tutor

Which of the following individuals is eligible for the American Opportunity Credit?

A. Judy's son Paul who is enrolled full time in the biology postgraduate degree program as a senior at a local university and has taken the American Opportunity credit four years in a row
B. Lucy, who is taking a part-time ceramics class at a community college
C. Beth, who is taking at least one-half of the normal course load required for the computer science associate's degree program, attending classes the entire school year

For the third year in a row, Joan took several computer classes at a community college to improve her job marketability. Which credit is she eligible for?

A. American Opportunity Credit
B. Lifetime Learning Credit