 Income tax 2022-2023. American opportunity credits. What expenses qualify? Let's do some wealth preservation with some tax preparation. Most of this information comes from publication 970, tax benefits for education tax year 2022. You can find on the IRS website, irs.gov, irs.gov. Looking at the income tax formula, we're down here at the bottom in the credit area. Remember in the first half of the income tax formula is in essence an income statement, although it was strange one bottom line being taxable income. Similar to net income bottom line of a normal income statement, we calculate the tax on the taxable income, not using one rate, not a flat tax, but with the progressive tax system to get to the tax before credits and other taxes. And then we get to the credits and other taxes like self employment tax. And then we have the payments out which would generally be