analyze_education_tax_benefits
Compare education tax benefits: AOTC vs Lifetime Learning Credit, student loan interest deduction, and 529 plans. Enter filing status, AGI, and tuition to identify the best fit.
Instructions
Compare education tax benefits: AOTC vs Lifetime Learning Credit, student loan interest deduction, and 529 plan advantages.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| agi | Yes | Adjusted Gross Income | |
| has529Plan | No | Contributing to or using a 529 plan | |
| isUndergrad | Yes | Is the student in first 4 years of undergrad? | |
| tuitionPaid | Yes | Tuition and qualified expenses paid | |
| filingStatus | Yes | ||
| contribution529 | No | 529 plan contribution this year | |
| yearsAOTCClaimed | No | Years AOTC already claimed (max 4) | |
| studentLoanInterest | No | Student loan interest paid this year |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| text | Yes | ||
| error | No | ||
| isError | Yes |