American Opportunity Tax Credit

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Definition: American Opportunity Tax Credit

American Opportunity Tax Credit
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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.

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https://payrollheaven.com/define/american-opportunity-tax-credit/
Modern Language Association (MLA):
American Opportunity Tax Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 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: April 19, 2024).
American Psychological Association (APA):
American Opportunity Tax Credit. PayrollHeaven.com. Retrieved April 19, 2024
, 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.