QUESTION IMAGE
Question
there are two education tax credits available from the internal revenue service. which is the accurate description? a the llc (lifetime learning credit) is available to college students regardless of age. b the aotc (american opportunity tax credit) is only available for the first four years of a college students post - secondary education. c the education tax credit are often claimed by a parent when the student is a dependent. d all of the above.
Brief Explanations
- Option A: The Lifetime Learning Credit (LLC) is indeed available to college students regardless of age.
- Option B: The American Opportunity Tax Credit (AOTC) is only available for the first four years of a college student's post - secondary education.
- Option C: When a student is a dependent, the education tax credit is often claimed by a parent.
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D. All of the above.