6 Facts about the American Opportunity Tax Credit

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The American Opportunity Tax Credit, which is part of the American Recovery and Reinvestment Act (ARRA) 2009, is available through to December 3. This particular tax credit is especially useful for those parents who have college-going children and need ways to reduce their burden of having to pay college fees. The tax credit can be claimed to offset college fees payable in 2009 and 2010.

Here are six facts you should know about the American Opportunity Tax Credit...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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