Final answer:
Jacobi and Xayna, who file separately, may be eligible for the C. Lifetime Learning Credit under certain conditions. They are generally not eligible for the American Opportunity Credit, the Earned Income Tax Credit, or the Saver's Credit when filing separately.
Step-by-step explanation:
Jacobi and Xayna are married but file separately. Among the tax credits mentioned, there are specific eligibility requirements that need to be considered. The American Opportunity Credit and the Lifetime Learning Credit are education tax credits for qualified tuition and related expenses. The American Opportunity Credit has more restrictive requirements for married filing separately, which typically disqualify taxpayers who use this status. However, the Lifetime Learning Credit may still be claimed if certain conditions are met, even when filing separately.
The Earned Income Tax Credit (EITC) is designed to provide a financial incentive for low-income individuals to work instead of relying on government aid. Unfortunately, the EITC generally cannot be claimed by individuals who are married and file separately.
Last is the Saver's Credit, which is for those who contribute to retirement savings. Similar to EITC, married individuals filing separately are usually not eligible for this credit.
SUMUP: Based on the filing status of married filing separately:
- American Opportunity Credit: Generally not eligible.
- Earned Income Tax Credit: Not eligible.
- Lifetime Learning Credit: May be eligible if certain conditions are met.
- Saver's Credit: Not eligible.