Different scenario. Duncan and Ashley are a young married co…

Different scenario. Duncan and Ashley are a young married couple, and Ashley is finishing up her degree at BYU. In 2018, Ashley had $3,000 in qualified education expenses (assume this is calculated correctly). What is the value of Ashley’s American Opportunity Credit and how much is refundable?  

Alice and Alan have been married for five years and have two…

Alice and Alan have been married for five years and have two children. In 2018, Alice had wages from her programming job of $65,000 and Alan made $20,000 as a part-time accountant. Alice also got an additional $5,000 year-end bonus paid to her on December 24. In 2018, they contributed $10,000 to Alice’s traditional 401k, and $4,000 to Alan’s traditional IRA.  Help Alice and Alan determine if they should itemize or take the standard deduction (and for how much) in 2018. They had the following expenses: $10,000 tithes/offerings, $8,000 state income taxes, $4,000 property taxes, and $3,600 mortgage interest. 

Rob and Heidi have 6 children with the following ages: Lynds…

Rob and Heidi have 6 children with the following ages: Lyndsey (23, unmarried full-time student), Dallin (20, missionary), Jayden (17), Ethan (16), Camden (13), and Izzy (10).  Regardless of your answers for any other question, assume that Rob and Heidi could claim 4 family credits and 3 child credits. How much of their total $8,000 in credits is refundable?

Rob and Heidi have 6 children with the following ages: Lynds…

Rob and Heidi have 6 children with the following ages: Lyndsey (23, unmarried full-time student), Dallin (20, missionary), Jayden (17), Ethan (16), Camden (13), and Izzy (10). What is the total sum of all the child and family credits that Rob and Heidi can claim in 2019?