# Tax

The Smiths son, Jake, is 19 and a full-time student in his second year of college. Jake paid \$5,650 in tuition during 2015, and another \$650 for textbooks. The Smiths are claiming Jake as a dependent. Their taxable income is \$13,000, and their tax liability before credits is \$1,300. How much benefit will the Smiths receive from the American Opportunity Credit for Jake?

1. 👍 0
2. 👎 0
3. 👁 130

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