Traverse City Tax Preparation Examiner, Frank Ellis, has revealed the
secrets behind the American Opportunity Tax Credit and the new life that has
been put into it.
November 27, 2015 – Frank Ellis has published an insightful article on
Examiner.com, detailing the secrets behind the American Opportunity Tax Credit.
Extended through 2017 by a recent legislation, this tax credit can help cover
tuition, course materials, and other education expenses. The financial limit of
this partially reversible credit is revealed as well.
Further information is provided, giving taxpayers a look at the fine
print. Frank Ellis explains what a reversible tax credit is, who qualifies for
it, and how owing tax can affect eligibility. If someone doesn’t owe taxes, the
author reveals how much of a refund one can receive
as part of the credit. Examples are provided to give an idea of how much can be
saved and just how the tax credit works.
Income limitations are also explained. The author reveals the American
Opportunity Tax Credit expands eligibility for the Hope Tax Credit, and the
income levels at which partial credits are available. Frank Ellis also reveals
that the American Opportunity Tax Credit is intended to
help people obtain job training and continue their education.
Ellis also reveals provisions within the tax credit which allow
taxpayers to use it for supplies, for example. Families can therefore seek
continuing education whereas it would be hard to without the tax credit. TurboTax software is briefly
mentioned as well. The program is designed to help people claim this tax credit
and provides the right form for doing so.
As with similar articles on the website, an embedded video slideshow is
presented to illustrate the facts, provisions, and limitations of the American
Opportunity Tax Credit. Bullet points and narration help taxpayers understand
the basics. This and many other articles are intended to provide insight into
the ever-changing tax filing process. Each year, the rules change. Such
articles and the suggestions provided help people avoid costly mistakes and
experience less stress during tax season.
For more information and to learn more about the American Opportunity
Tax Credit go to http://www.examiner.com/article/the-american-opportunity-tax-credit-explained-for-2012-2013
About Frank Ellis
Frank Ellis is a Traverse City Tax Preparation Planner and published
author. He has written tax and finance related articles for eight years and has
published over 900 articles on leading financial websites.
Contact
Information
Frank Ellis
File My Taxes Online
945 East 8th Street Suite A
Traverse City, Michigan 49686
Website: http://filemytaxesonline.org/
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