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The American Opportunity Tax Credit provides qualified students or eligible parents with a great tax deduction. During this summer break, eligible tax payers need to ensure they are set to receive the full benefit of the tax credit. Eligible tax payers should consider paying their 2013 tuition expenses in 2012 in order to receive the full entitlement of the American Opportunity Tax Credit before it expires.
For more information on this tax credit, visit our Knowledgebase here.