Published Oct 26, 2010
In the midst of steadily increasing college expenses, more students can get a better break from the government this year.
Students are eligible to receive a tax credit of up to $2,500 thanks to the American Opportunity Tax Credit.
According to the IRS website, the tax break was designed to expand the reach of the existing Hope Credit, which applied to 2008 and earlier tax years and could not be refunded.