The maximum amount a taxpayer may claim for the lifetime learning credit is: $2,000 per return. $2,000 per eligible student, including the taxpayer, their spouse, and any dependents listed on the return. $2,500 per return. $2,500 per eligible student, including the taxpayer, their spouse, and any dependents listed on the return.

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 26MCQ
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The maximum amount a taxpayer may claim
for the lifetime learning credit is:
$2,000 per return.
$2,000 per eligible student, including the
taxpayer, their spouse, and any dependents
listed on the return.
$2,500 per return.
$2,500 per eligible student, including the
taxpayer, their spouse, and any dependents
listed on the return.
Transcribed Image Text:The maximum amount a taxpayer may claim for the lifetime learning credit is: $2,000 per return. $2,000 per eligible student, including the taxpayer, their spouse, and any dependents listed on the return. $2,500 per return. $2,500 per eligible student, including the taxpayer, their spouse, and any dependents listed on the return.
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