what is the educational improvement tax credit

The American opportunity tax credit or AOTC gives taxpayers a dollar-for-dollar reduction in their tax liability for education expenses paid for in the first four years of higher education. You also can file paper forms.


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The credit is worth 100 of the first 2000 of qualified education expenses and 25 of the next 2000 of qualifying expenses for a maximum credit.

. Or you can file your federal income tax return and your single-state tax return for free with Credit Karma Tax which is always free regardless of your income level or age. American opportunity tax credit. But if you meet income age and other requirements you may be able to file your Arkansas state tax return for free through an online provider.


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