Katarina worked as an ER nurse, and knows that demand for the job is high. However, prior to returning to work, when the twins enter kindergarten, she will need to take classes on the latest technological advancements
Which of the following tax planning strategies should the Bajorshiks consider as they plan their financial future?
A) When Katrina returns to school, they should track school-related expenses and determine eligibility for the Lifetime Learning credit.
B) While the children are under age 13, the Bajorshiks should track childcare expenses and determine eligibility for the child and dependent care credit.
C) Both A and B are legitimate tax planning strategies that the couple should consider.
D) Neither A nor B is a tax planning strategy that is relevant to this couple's situation.
Answer: C
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