Question

tax credits and deductions
matching tax scenarios to credits and deductions
match each credit and deduction to the scenario where that credit or deduction is likely most relevant.
medical expense deduction
student loan interest deduction
child tax credit
american opportunity tax credit

a parent has two children under 17
a student paid $3,500 in interest on their student loans
a person paid $10,000 in doctor bills throughout the year
a parent pays for their child’s first year of college

Explanation:

1. a parent has two children under 17: The child tax credit is for parents with qualifying children (under 17), so this matches with "child tax credit".
2. a student paid $3,500 in interest on their student loans: Student loan interest deduction applies to interest paid on student loans, so this matches with "student loan interest deduction".
3. a person paid $10,000 in doctor bills throughout the year: Medical expense deduction is for medical costs, so this matches with "medical expense deduction".
4. a parent pays for their child’s first year of college: American opportunity tax credit is for educational expenses in the first few years of college, so this matches with "American opportunity tax credit".

Answer:

• a parent has two children under 17 : child tax credit
• a student paid $3,500 in interest on their student loans : student loan interest deduction
• a person paid $10,000 in doctor bills throughout the year : medical expense deduction
• a parent pays for their child’s first year of college : American opportunity tax credit