AOTC

2013 to 2018 American Opportunity Education Tax Credit (AOTC) Extension – Eligibility, Income and Phase-out Limits

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[2013 Update on Education Credits] Congress and the Obama administration have reached an agreement that will extend the American Opportunity Tax Credit (AOTC) for a further 5 years (into 2018) following the latest round of fiscal cliff negotiations. The AOTC allows parents and students to receive a tax credit of up to $2,500 for college expenses, based on certain income limits, and replaced […]

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