Question

After raising two children, Anh, a single 48-year-old, decided to go to college to earn her first college degree. She spent two years in community college and earned an associate's degree. In 2019, she is enrolled half-time at State University to earn a Bachelor's degree in Accounting and also works part-time. Anh is eligible for the American Opportunities tax credit.

a. True
b. False

Answer 1

True

Step-by-step explanation:

American opportunities tax credit is a form qualified education expenses that is paid to college students in America by the government.

To be qualified for this credit , the student must meet certain criteria such as listed below

1. Must be pursuing a degree on other recognized certification
2. Be enrolled for at least half time the for at least an academic period beginning on the tax year
3. Not have finished the first four years of higher education at the beginning of the tax year.
4. It is meant for undergraduate college students and their parent
5. Parents can only claim the tax if they paid for the child's education expenses and the student is listed as dependent on their return.

Looking at the listed criteria as above , it is apparent that Anh is eligible for the opportunities tax credit