Question:

How do you calculate the American opportunity tax credit

by Tax Man  |  10 years, 11 month(s) ago

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How is the American opportunity tax credit calculated?

A. Taxpayers will receive a tax credit based on 100 percent of the first $2,000 of tuition, fees and course materials paid during the taxable year, plus 25 percent of the next $2,000 of tuition, fees and course materials paid during the taxable year

 Tags: American, calculate, credit, OPPORTUNITY, tax

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