topSkip to main content

Menu, Secondary

Menu Trigger

Menu

AAU Joins Associations to Endorse “American Opportunity Student Tax Relief Act”

AAU joined ACE and 14 other higher education organizations on a letter to Rep. Lloyd Doggett (D-TX) to endorse the “American Opportunity Student Tax Relief Act,” bipartisan legislation recently introduced by Reps. Doggett and Brian Fitzpatrick (R-PA). The legislation would temporarily increase the American Opportunity Tax Credit to $3,000, temporarily expand access for students in lower-tuition programs to the full $2,000 Lifetime Learning Credit, and eventually consolidate both programs into one simplified, permanent program that will provide up to $2,500 of annual tax relief for students and their families. The bill will also raise the lifetime AOTC cap to $15,000, increase the number of years students can use the credit, and expand the partial refund for both the AOTC and LLC to a maximum of $1,500 each, and streamlines the coordination of the AOTC, LLC, and Pell grants.

Download PDF