In 2020, Jeremy and Celeste who file a joint return, paid the following amounts for their daughter, Alyssa, to attend University of Colorado, during academic year XXXXXXXXXXAlyssa was in her first...

In 2020, Jeremy and Celeste who file a joint return, paid the following amounts for their daughter, Alyssa, to attend University of Colorado, during academic year 2020-2021. Alyssa was in her first year of college and attended full-time:

Tuition and fees (for fall semester 2020) $1,950

Tuition and fees (for spring semester 2021) 1,000

Required books 600

Room and board 1,200

The spring semester at University of Colorado begins in January. In addition to the above, Alyssa’s uncle Devin sent $800 as payment for her tuition directly to the University. Jeremy and Celeste have modified AGI of $168,000.

What is the amount of qualifying expenses for purposes of the American opportunity tax credit (AOTC) in tax year 2020?

What is the amount of the AOTC that Jeremy and Celeste can claim based on their AGI?