My wife and I are both graduate students who could claim up to a $2000 credit when filing individually before getting married. It seems that now we must file a joint return in order to qualify for the credit and still the limit is $2000 for us both, whereas before it was $4000 ($2000 each).
Am I reading the limit wrong or does the IRS significantly penalize married students?
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The other spouse can claim the Tuition and Fees deduction on line 34 of form 1040 (line 19 of 1040A).
The other spouse can claim the Tuition and Fees deduction on line 34 of form 1040 (line 19 of 1040A).
Up to $2,000 credit per return
https://www.irs.gov/publications/p970/ch03.html
does the IRS significantly penalize married students
Alas, that's the way Congress wrote the tax law,
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