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Education
As our AGI is more then 180k, we are definitely not eligible for AOTC this year.
So, one hypothetical question... if our son was working and had earned income, say $15000 in 2023, was the above situation changed? was he eligible to get AOTC benefit?
I am asking this for future planning. He may get some paid internship this year and following years. So, if that the case, he will have earned income in 2024. So, is it benefit for us to withdraw 529 payments on his name instead of my name as our AGI will not make us qualify for any education credits?
‎February 20, 2024
2:09 PM