Course Materials Now Qualify for Tax Credit
Attention Students and Parents!
SAVE YOUR COURSE MATERIAL RECEIPTS –
YOU MAY BE ELIGIBLE FOR A TAX CREDIT UP TO $2,500!!
The American Opportunity Tax Credit (AOTC) is a partially refundable tax credit of up to $2,500 each year for out-of-pocket higher education expenses including course materials, tuition, and fees for the first four
years of college. First enacted as part of the American Recovery and Reinvestment Act of 2009 (ARRA), the credit was extended through tax year 2017 by the American Taxpayer Relief Act of 2012 (ATRA). The credit is applied for by using IRS form 8863.
You must keep a record of your expenses to be eligible!!