The American Opportunity Tax Credit: What to Know and How to Use It
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The most advantageous education credit for Paul and Lori Cumberland is the:* American Opportunity Credit (AOTC) for 1,500 as a nonrefundable credit and1,000 as a refundable credit.* American Opportunity Credit (AOTC) for 1,000 as a nonrefundable credit and1,500 as a refundable credit.* American Opportunity Credit (AOTC) for 2,500 as a refundable credit.* Lifetime learning credit for2,000 as a nonrefundable credit.
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