Which of the following is not true of the american opportunity credit? a taxpayer with multiple eligible dependents can claim a credit for each dependent's qualifying expenses the credit is available for students during their first four years of postsecondary education only it is phased out based on the taxpayer's agi a taxpayer may not claim a credit unless the taxpayer pays a dependent's qualifying educational expenses?

Question

Tiana Stokes

Business

2 March, 08:59

Which of the following is not true of the american opportunity credit? a taxpayer with multiple eligible dependents can claim a credit for each dependent's qualifying expenses the credit is available for students during their first four years of postsecondary education only it is phased out based on the taxpayer's agi a taxpayer may not claim a credit unless the taxpayer pays a dependent's qualifying educational expenses?

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Jordon Perkins · Answer 1

The American Opportunity Credit is a credit that is given to any eligible student wherein their expenses for the first four years in education are being paid. Based on the given statements above, the one that is NOT considered true about this kind of credit is the last option.