Question

Lupe paid the following expenses during December 2019 for her son David's spring 2020 college expenses. The semester begins in February 2020. Tuition $ 16,000 Housing 6,000 Meal plan 2,500 David is claimed as a dependent on Lupe's tax return. How much of the above expenses qualify for purposes of Lupe's education credit deduction in 2019

Answer 1

$2,500

Step-by-step explanation:

The education credit limit is pegged at $2,500 incurred on expenses that are directly connected to enrollment , attendance and other educational activities like tuition , textbooks

The expenses must have been incurred in the tax year or within the first three months of the following tax year.

Although all expenses are related to David's education , but she the can not claim more than the $2500 which is the upper limit.