Textbooks may be used for tax credit
February 13, 2010 - 1:01am — UnspokenIdeas
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Under the American Recovery and Reinvestment Act signed into law by President Obama on Feb.17, 2009 textbook and other course material expenses incurred in 2009 and 2010 that are not covered by scholarship or grant aid may be counted toward the newly created tax credit called the American Opportunity Tax Credit on that year’s tax return.
So, save your course material receipts — you may be eligible for a tax credit up to $2,500.
Originally posted February 12, 2010 at Wicked Local Cambridge.
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