American Opportunity Tax Credit

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Dictionary Says

Definition of 'American Opportunity Tax Credit'

A tax credit that enabled more student and parents to pay for part of their college expenses in the 2009 and 2010 tax years by expanding the existing Hope tax credit. The maximum annual tax credit per student is $2,500 of the cost of qualified tuition and related expenses paid during the tax year.
Investopedia Says

Investopedia explains 'American Opportunity Tax Credit'

Major changes from the Hope credit include a $700 increase in the tax credit and allowing the credit to be used for the first four years of post-secondary education instead of only the first two years.

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'American Opportunity Tax Credit'

  • Top Tax Refunds For Recent Grads

    http://www.investopedia.com/articles/tax/10/tax-refunds-for-grads.asp
    ... $160,000) You can't claim two of these tuition credits such as the American opportunity
    tax credit and the lifetime learning credit on the same tax return. ...

  • Give Your Taxes Some Credit

    http://www.investopedia.com/articles/tax/08/tax-credit.asp
    ... non-refundable credits: Hope Credit, American Opportunity Credit and the Lifetime
    Learning Credit - The hope and ... subject, see Clearing Up Tax Confusion For ...

  • Student Tax Breaks

    http://www.investopedia.com/articles/tax/10/student-tax-breaks.asp
    ... in 2009. The American Opportunity Tax Credit has replaced the Hope Credit
    as the primary credit for undergraduate students. It can ...

  • 2009 Tax Credits: A Holiday Gift To Yourself - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1009/2009-Tax-Credits-A-Holiday-Gift-To-Yourself.aspx
    ... your children are in higher education this year, a multitude of new tax incentives
    can help with education expenses. The American Opportunity Credit is worth ...

  • Tax Credits And Deductions For Parents - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0310/Tax-Credits-And-Deductions-For-Parents.aspx
    ... This reduces your income subject to tax when you file your return. Education Credits
    The American Opportunity Credit is a credit up to $2,500 for qualified ...

  • Calculating The Mortgage Interest Tax Deduction

    http://www.investopedia.com/articles/mortgages-real-estate/11/calculate-the-mortgage-interest-math.asp
    ... is one of the most cherished American tax breaks. ... Itemizing provides an opportunity
    to account for specific expenses ... the deduction is not a tax credit - you don ...

  • Expert Tips For Cutting Credit Card Debt

    http://www.investopedia.com/articles/pf/07/cut-credit-debt.asp
    ... He estimates the average American household pays some ... read The Mortgage Interest
    Tax Deduction.) Credit ... carry also presents an opportunity for considerable ...

  • Dividend Tax Rates: What Investors Need To Know

    http://www.investopedia.com/articles/06/JGTRRADividends.asp
    ... of a century, according to the American Shareholders Association. ... Reducing the tax
    on dividends made it less ... as opposed to seeking any opportunity that enabled ...

  • How Obama's Tax Cuts Could Affect Your Retirement - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/1011/How-Obamas-Tax-Cuts-Could-Affect-Your-Retirement.aspx
    ... includes a section called "The American Jobs Act ... average household's budget create
    the opportunity for greater ... businesses' access to capital and tax credits for ...

  • Build America Bonds: Should You Buy?

    http://www.investopedia.com/articles/bonds/09/babs-are-born.asp
    ... BABs), which were included in the American Recovery and ... Its tax structure, with the
    credit going to the ... issuers, retail investors may have an opportunity to buy ...

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