Education Tax Credit - Claim It - Parents - January 2010 - YouTube video text script
HERE’S A TIP FROM THE I-R-S.
HI…I’M MICHELLE… AND I WORK FOR THE INTERNAL REVENUE SERVICE.
DID YOU GO TO COLLEGE OR TRADE SCHOOL…OR PAY FOR YOUR KIDS’ TUITION LAST YEAR?
IF SO…YOU MAY BE ELIGIBLE FOR A TAX CREDIT CALLED THE AMERICAN OPPORTUNITY CREDIT.
IT COULD MEAN UP TO 25-HUNDRED DOLLARS IN YOUR POCKET.
THAT’S PER STUDENT… DURING THEIR FIRST FOUR YEARS OF POST-SECONDARY EDUCATION.
ELIGIBLE EXPENSES INCLUDE…TUITION…FEES…MOST BOOKS AND SUPPLIES.
EVEN IF YOU DON’T MAKE ENOUGH MONEY TO HAVE TO FILE A TAX RETURN… YOU SHOULD FILE ONE ANY WAY.
BECAUSE YOU COULD STILL GET UP TO A THOUSAND DOLLARS FROM THIS CREDIT.
SO… DON’T FORGET TO CLAIM THIS CREDIT ON YOUR TAX RETURN.
AND IF YOU OR YOUR KIDS ARE IN SCHOOL THIS YEAR… SAVE YOUR RECEIPTS SO YOU CAN CLAIM THE CREDIT NEXT YEAR.
LEARN MORE ON I-R-S-DOT-GOV-SLASH-RECOVERY.
