Question

Roshan is a freshman at florida state university where his tuition is $4,000. shante, his older sister, is a graduate student at expensive university, where tuition is $25,000. what is the maximum tax credit roshan and shante's parents can take

Answer 1

The maximum deduction a person can take for tax credit for college tuition is $10,000 per qualified student., or the total amount of the tuition if under that amount. The maximum that could be taken for Roshan would be $4000 and for Shante $10,000 for a combined deduction of $14,000 for their parents.