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

Military Pay News & Advice

SGLI for Reservists
Reservists may be covered full or part-time by SGLI. Make sure you know when SGLI starts, when it stops and how much it costs...
View more