Janie graduates from high school in 2014 and enrolls in college in the fall. Her parents pay $4000 for her tuition and fees. Assuming Janies\'s parents have AGI of $170,000, what is the American Opportunity tax credit they can claim for Janie? Solution Assuming Janies parents have AGI of $170000 , the maximum the Parents can claim under American Opprtunity tax credit for JAnie is $2500 for 2014.

1. Janie graduates from high school in 2014 and enrolls in college in the fall. Her parents pay $4000
for her tuition and fees.
Assuming Janies's parents have AGI of $170,000, what is the American Opportunity tax credit
they can claim for Janie?
Solution
Assuming Janies parents have AGI of $170000 , the maximum the Parents can claim under
American Opprtunity tax credit for JAnie is $2500 for 2014