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Got floods? Double your education credit!
March 18, 2009
Vasts swaths of the Midwest were declared disaster areas last summer as a result of floods and storms. Yet if your child goes to college in one of the disaster areas, you may be able to benefit from the disaster. Congress doubled the education credits for college expenses incurred for students attending college in the disaster areas. Students in the disaster areas can claim up to $3,600 in "HOPE" credits and $4,000 in "Lifetime Learning Credits."
To find out whether you qualify, to to Table 1 in Fact Sheet 2008-27.
Check back daily for a new 2009 filing season tip through April 15.
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