With school now back in session, many college students will be experiencing the financial burden that ultimately comes with post secondary education. The IRS has a tax credit that may help students lessen that burden to a certain degree. IRS Media Relations Specialist Karen Connelly explains the American Opportunity Tax Credit.
Connelly goes over some of the guidelines that students need to know about the tax credit.
Connelly says there is one very important thing that students need to do now in order to take advantage of the credit next spring.
If you would like more information on the American Opportunity Credit, you can visit the IRS website.