Which of the Following Statements Is Not True Regarding the Education

question 21

Multiple Choice

Which of the following statements is not true regarding the education credits?

• A)The American opportunity tax credit is only available for the first two years of postsecondary education.
• B)The lifetime learning credit is limited to $2,000 per taxpayer per year.
• C)The American opportunity tax credit is limited to $2,500 per student per year.
• D)A taxpayer cannot receive the American opportunity tax credit if he/she has a felony drug conviction.

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