Final answer:
Max's eligibility for deducting tuition payments on his taxes as a single filer with an AGI of $60,000 depends on various factors, including eligibility for tax benefits like the AOTC or LLC and the specifics of current tax law. It's important to refer to the IRS guidelines or consult with a tax professional for precise information.
Step-by-step explanation:
The student's question pertains to how much of Max's tuition payment can be deducted as a qualifying education expense on his taxes. As a single filer with an adjusted gross income (AGI) of $60,000, Max may be eligible for certain education tax benefits. However, several variables including the specific tax year, his eligibility for tax credits such as the American Opportunity Tax Credit (AOTC) or the Lifetime Learning Credit (LLC), and any recent changes to tax law, need to be considered to determine the exact deductible amount. Since the question does not specify the tax year or provide enough details on Max's overall financial situation, it is crucial to refer to the latest IRS guidelines or consult with a tax professional for accurate information on education-related tax deductions or credits.
It is also worth noting that tax laws evolve over time, as indicated by information on the Pell Grant program and tax policies from various presidential terms. For instance, the Build Back Better proposal aimed to increase the Pell Grant, reflecting changes in higher education funding that could indirectly influence Max's financial situation.