lisa Is single and has an AGI amount of 68000 What is the ma

lisa Is single and has an AGI amount of $68,000. What is the maximum above the line deduction that she can claim on her 2017 tax form for qualified higher education expenses that are paid by her.

A $0

B $1000

C $2000

D $4000

Solution

Maximum deduction for qualifying education expenses are limited to $4,000 if AGI is less than $68,000.

Thus, correct option is option -d

lisa Is single and has an AGI amount of $68,000. What is the maximum above the line deduction that she can claim on her 2017 tax form for qualified higher educa

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