February 05, 2010

American Opportunity Credit

The American Opportunity credit modifies the existing Hope Credit for tax years 2009 and 2010. A credit of up to $2,500 is allowed for qualified education expenses. The credit is: 100% of the first $2,000 of qualified expenses and 25% of the next $2,000 paid.

40% of this credit is refundable.

1 Comments:

Anonymous Anonymous said...

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11:57 AM, February 05, 2010  

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