MFJ $2,500 as the lesser of makes sense. Looking at 2020 Qualified Education Expense Tax Credit - Georgia I see there are reasons to not qualify for the full amount.
- The taxpayer must add back to Georgia taxable income the amount of any federal charitable contribution deduction taken on a federal return for which a Georgia qualified education expense credit is allowed.
- The tax credit shall not be allowed if the taxpayer designates the taxpayer’s qualified education expense for a particular individual.
- The amount of the credit that exceeds the taxpayer’s income tax liability can be used against the next succeeding five years’ tax liability.
@campken
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