George Alexander pays $9,300 in tuition and fees in December 2019, and his child began college in January 2020. He filed his 2019 tax return on February 14, 2020 and claimed a Lifetime Learning Credit of $1,860. He claimed no other tax credits. After he filed his return, his child withdrew from two courses and George received a refund of $2,900. He must refigure his 2019 Lifetime Learning Credit using $6,400 of qualified education expenses instead of $9,300. After George refigures the credit, he determines his tax liability increased by what amount
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George Alexander pays $9,300 in tuition and fees in December 2019, and his child began college in Ja...
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