As the April 15th Tax Deadline fast approaches don’t forget about the American Opportunity Credit. This credit which was part of the American Recovery and Reinvestment Act modifies existing education credits and makes them available to a broader range of taxpayers. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible will qualify for the maximum annual credit of $2,500 per student. For more information visit IRS.gov.
Need help with filing taxes? The Canton Senior Center, in cooperation with AARP-Michigan has begun scheduling appointments with seniors needing assistance with their taxes. To book an appointment, call the Senior Desk at The Summit at (734) 394-5485 now.