American Opportunity Tax Credit

For 2009 and 2010, the American Opportunity Tax Credit expands the tax breaks under the Hope credit for individuals seeking a college education. The credit increases the Hope credit to up to $2,500 of the cost of tuition and related expenses paid during the tax year, including expenditures for course materials-i.e., books, supplies, and equipment needed for a course of study. The credit is available for the first four years of post-secondary education in a degree or certificate program (rather than just the first two years). If you would like additional information, please contact Bethanie Pollock at 616-538-7100 or bpollock@gabridgeco.com .
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