Collin and Christine Are Married and File Joint

question 77

Essay

Collin and Christine are married and file joint. Their dependent son, Trevor, is a full-time college student at a qualified educational institution. This year Collin and Christine borrowed $30,000 to pay for Trevor's tuition ($22,000) and room and board ($8,000). At year end Collin paid $3,200 in interest on the loan. What amounts can Collin and Christine deduct for interest and education expenses if they estimate that their AGI will be $133,000 absent any deductions for AGI?

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Definitions:

Patients

Individuals who receive or register for medical treatment and care.

Scheduling Appointments

The process of arranging a time and date for meetings, medical visits, or other planned activities.

Patient

An individual receiving medical care or treatment.

HIPAA

The Health Insurance Portability and Accountability Act, U.S. legislation that provides data privacy and security provisions for safeguarding medical information.