The American Opportunity Credit (AOTC) is a partially refundable tax credit designed to assist taxpayers in covering education costs for the first four years of post-secondary education.
An in-depth look at the total amount required for a student to attend a college or university, including all essential expenses such as tuition, room, board, books, and other costs.
Financial Need refers to the gap between the Cost of Attendance (COA) and the Expected Family Contribution (EFC), representing the amount a student needs to cover their educational expenses.
An in-depth look at the American Opportunity Tax Credit (AOTC), which offsets up to $2,500 of annual college expenses such as tuition, school fees, and books, and is partially refundable.
An in-depth look at qualified higher education expenses, including definitions, types, tax benefits, and examples.
