which of the following statements is true about education credits? multiple choice a taxpayer may be eligible to claim the education credits regardless of their agi amount. a taxpayer can use the same qualifying expenses for both the american opportunity tax and lifetime learning credits. a taxpayer cannot claim an american opportunity tax credit or lifetime learning credit in the same year he/she takes a tax-free distribution from a coverdell education savings account. the lifetime learning credit may be limited by agi levels and may completely phase out when modified agi exceeds a certain amount.
