Textbook Tax Credit
Textbook tax credit? What does this mean? Under the American Recovery and Reinvestment Act's (ARRA) newly created American Opportunity Tax Credit, textbooks and other course material expenses along with tuition and fees not covered by scholarships or grants, may be claimed as a tax credit on tax returns. Yep! You read that right! You can get money back on your taxes and not feel so terrible when you have to buy those expensive textbooks you might never open again. To learn more and get the IRS forms, click on the link below!
