Answer:
The correct answer is: $70,000.
Explanation:
Regarding American opportunity credit, taxpayers whose Modified Adjusted Gross Income (MAGI) is between $80,000 and $90,000 will have lower chances to be eligible for one. They cannot claim credit at all if their MAGI is $90,000 or higher. The student loan interest deduction starts to be reduced for taxpayers whose MAGI exceeds $70,000 or $140,000 if that person files taxes jointly (with the spouse).
