The New, Improved College Tax Credit - Forbes.com

Source: Forbes Posted By: Bill 5524 days ago

There's a new $2,500 college tax credit for 2009, 2010 and possibly beyond. Even if your family hasn't qualified for earlier college tax credits, this one might put thousands of extra dollars in your pocket.

Called the American Opportunity Tax Credit, the new benefit was authorized for two years by the stimulus bill enacted in February. But President Barack Obama has already proposed making it permanent and it has some powerful Democratic supporters.

Technically, the new credit is an expansion....

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