college tuition tax credit

photo credit: jfew

Saving for retirement is hard enough.  Attempting to fund the nest egg with kids in college almost seems impossible.  Trying to pay sky rocketing college tuition costs is depressing at best and every little bit helps.  If you’re looking for some help from the IRS, welcome the American Opportunity Tax Credit.  The American Opportunity Tax Credit expands the already-existing Hope credit for 2009 and 2010.  As part of the American Recovery and Reinvestment Act of 2009, more parents with children in college can qualify for a tax credit.  The best part is that it’s not limited to just low income earners.
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