Military Advantage

$2,500 Education Tax Credit Survives the Fiscal Cliff

The $2,500 American Opportunity Tax Credit for college expenses was saved when Congress agreed on the deal to avoid the so-called "fiscal cliff." The tax credit can help families to get up to $2,500 tax credit in higher education related expenses annually for four years. The credit was introduced as part of the 2009 American Recovery and Reinvestment Act (ARRA). The credit was extended to apply for tax years 2011 and 2012 by the Tax Relief and Job Creation Act of 2010. Learn more about how you can take advantage of the American Opportunity Tax Credit.

Show Full Article

Related Topics

Military Advantage

Most Popular Military Pay Articles

2019 Military Pay Charts
Check out the 2019 US military pay scale charts for all ranks for active duty, as well as Reserve and Guard components.
Military Retired Pay Overview
The military retirement system is arguably the best one around, but proper planning is needed to ensure you can retire comfor...