American Opportunity Tax Credit

Business, Legal & Accounting Glossary

Definition: American Opportunity Tax Credit


American Opportunity Tax Credit


Full Definition of American Opportunity Tax Credit


A tax credit established in the American Recovery and Reinvestment Act of 2009. The credit applies to undergraduate college expenses. Currently it provides up to $2,500 in tax credits on the first $4,000 of qualifying expenses.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/american-opportunity-tax-credit/
Modern Language Association (MLA):
American Opportunity Tax Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 02, 2021 https://payrollheaven.com/define/american-opportunity-tax-credit/.
Chicago Manual of Style (CMS):
American Opportunity Tax Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/american-opportunity-tax-credit/ (accessed: December 02, 2021).
American Psychological Association (APA):
American Opportunity Tax Credit. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/american-opportunity-tax-credit/

Definition Sources


Definitions for American Opportunity Tax Credit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.