Friday, June 22, 2012

The American Opportunity Tax Credit

1# The American Opportunity Tax Credit.

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Form 8863 can be found at www.irs.gov Senator Durbin explains how to claim the American Opportunity Tax Credit, which would allow families to receive a tax credit of up to 00 per student on their 2009 and 2010 tax returns. The college tuition tax credit was originally part of the American Recovery and Reinvestment Act. A two-year extension of the tax credit was included in the tax package President Obama signed into law in December. Illinois families left more than billion on the table by not claiming the credit for college tuition on their 2009 income tax return.
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