Killer IRS American Opportunity Tax Credit

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 12, 2010 -- You can claim a tax credit of up to $ 2,500 of the cost of tuition and expenses paid during the taxable year. You can do this for fours years.

The American Opportunity Tax Credit - An Expansion Of The Hope Scholarship Tax Credit

The American Opportunity Tax Credit is an expansion of the old Hope Scholarship Tax Credit offered for only two years of post-secondary or certificate education.

Taxpayers with a higher income or those who do not owe taxes are now eligible for this credit. The graduate students are not eligible.

Qualifications

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Killer IRS American Opportunity Tax Credit

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http://www.taxproblem.org/income-tax-breaks-blog/american-opportunity-tax-credit/

You may qualify for this credit, if your adjusted gross income is $80,000 or less.The income limit if you are married and you are filing a joint return is $160,000.

American Opportunity Tax Credit Details

Your tax credit is equal to 100% of the first $2000 of tuition and related expenses (including course materials and books) and 25% of the next $2,000 of tuition and related expenses paid during the taxable year. You will receive a refund of 40 percent of the credit.

More information can be found online at http://www.taxproblem.org/income-tax-breaks-blog/american-opportunity-tax-credit/

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