Claim your tax credit TODAY!!!
- Anthony Weeks
- Jan 10, 2023
- 1 min read
The American Opportunity Tax Credit (AOTC) helps offset the costs of postsecondary education for students or their parents (if the student is a dependent).
The AOTC allows an annual $2,500 tax credit for qualified tuition expenses, school fees, and course materials.
Room and board, medical costs, transportation, and insurance do not qualify, nor do qualified expenses paid for with 529 plan funds.
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