post secondary education Related Resources & Guides

Education Tax Credit – Now Includes Computers

New tax legislation signed in February 2009, increases the Hope Credit from $1,800 to $2,500 and changes its name to The American Opportunity Tax Credit for two years. The new credit has a broader reach then the Hope Credit, and is now available to more taxpayers, including taxpayers with higher incomes and those that do not owe a tax. In addition, required course materials will be considered a qualifying expense, and the credit claimed is extended from two years to four post-secondary education years.