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    Education credits

    Client (MFJ) has AGI of $185K. 2 children in college. Tuitions are $32K and $24K, from the 1098T. Is there ANYTHING I can offer them as a credit or a tax benefit ? Thanks,

    #2
    Credits

    Nope. Well, I assume no. If neither one is active in a qualified retirement plan at work they could contribute to deductible IRA's and reduce their AGI below $180k. Also, I am assuming they did not move during the year or have an HSA that they could fund.

    So, unless they have some sort of adjustment they can make to their income, no.
    I would put a favorite quote in here, but it would get me banned from the board.

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