The Federal Tax Credits Blog

Posts Tagged ‘college_productivity’

Question: Obama promised a $4,000 college credit. Obama has hedged on the amount. Are you fed up with broken promises?

http://obamawatch.wikidot.com/create-the-american-opportunity-tax-credit

FROM THE LINK:————-The credit had been $1,800 under existing law and will now go to $2,500 thanks to the stimulus. But that’s still well below the $4,000 Obama promised. …

The measure also does not require community service as specified in Obama’s original promise, but it does direct the education secretary and the treasury secretary to conduct a feasibility study on requiring community service in order to get the tax credit.

Answer: obama lies all the time.

Bankruptcies of GM, Chrysler hit area hard

Financial woes, some unimaginable, dominated the news pages in Oakland County and the state in 2009.

# 1 – GRNBAR Educational Seminar – Housing Stimulus Package

Question: Details of New 2009 & 2010 Tuition Tax Credits…?

I read an article in my local paper yesterday about the new tuition tax credit that was part of the Stimulus package, where you get a $1 for every $1 paid in tuition, up to $2,500.

I am currently Unemployed, and my sole source of income for 2009 has been UI benefits. However, I am also a FT student via a distance learning program, pursuing a BS. I have paid well over $2,500 in tuition this year, and the school is fully recognized.

Does this mean that I will likely qualify for the credit? Also, assuming I don’t have any liability (I am Head of Household with a small UI check), will I be able to have the $2,500 as cash in a refund?

Thank you!

Answer: You’re talking about the American Opportunity Tax Credit, which replaces and expands the Hope Credit. Your understanding on the calculation isn’t quite correct, and only part of it is refundable so if you don’t owe any tax you don’t get the entire credit. The first $2000 is dollar for dollar, and over that it’s 25%, so your credit would probably work out to $2100, and if you have no tax liability, up to 40% or $840 would be paid to you. Still a nice chunk of money.

See http://www.irs.gov/newsroom/article/0,,id=211309,00.html

Holland District Offers Advanced Classes

Several new opportunities are becoming available for students at the Holland Central School District. Advanced placement (AP) classes in the sciences may be offered next year to give students a head start at college, while a tutoring program has just started that provides older students an incentive for tutoring younger classmates.

Economic Stimulus Plan | Tax School | Tax Education | Liberty Tax Service

Founded in 1958, Florida Tech is the only independent technology university in the Southeast. For a half-century, Florida Tech has trained and educated NASA Scientists, generals and other tech-based professionals. U.S. News and World Report listed Florida Tech as one of the best American colleges and as the nations best national doctoral university. Florida Tech was also listed in Barron’s Best Buys in college education. Rated among the top 7% of America’s colleges and universities, Florida Institute of Technology Online is committed to providing quality education, effective teaching methods and an overall excellence in all areas.

Accreditation of Florida Institute of Technology

Accredited by the Southern Association of Colleges and Schools, Florida Institute of Technology is recognized internationally for its qualified faculty members, effectiveness in technology-focused education, high-quality research institution and culturally diverse student body. Florida Tech has produced over 37,000 leaders and professionals in the fields of business, engineering, aviation, the sciences and psychology. Florida Institute of Technology prides itself on continued improvement in providing excellent programs, a quality campus life for students, faculty and staff members, in addition to providing personal and career growth opportunities.

Online classes at Florida Institute of Technology

Florida Technology online offers online chat rooms, streaming videos, message board and email. The online faculty and support center is available to help you achieve your goals. This is an excellent way to meet other online students and network with professionals around the world.

Online Degree Programs at Florida Institute of Technology

Florida Institute of Technology offers 100% virtual classroom setting with degree programs for Associate, Bachelor and Master Degrees. The following is just a smattering of what is on offer at FIT.

Undergraduate Degrees

Associate

* Accounting
* Business Administration
* Criminal Justice
* Healthcare Management
* Liberal Arts
* Marketing
* Computer Information Systems

Bachelor

* Accounting
* Business Administration in Accounting/Marketing/Computer Information Systems
* Criminal Justice
* Computer Information Systems
* HR Administration Minor with any Bachelor’s Degree

Graduate Degrees

* MBA in Accounting & Finance/Healthcare Management/Information Technology Management/Project Management
* MBA Marketing
* MS Information Technology

International Students at Florida Institute of Technology

Florida Technology Online accepts international students into undergraduate and graduate programs. International applicants need to submit all specified documents and credential to the mailing address.

International diplomas and credits received must be translated and students must demonstrate a proficiency in English using minimums for the TOEFL, IELTS, graduation from an internationally accredited English-medium school, completion of an internationally recognized ESL program or by completing 20 credit hours from an accredited, mainland U.S. university or college (this must include at least 3 courses in English composition and rhetoric).

Financial Aid and Tuition at Florida Institute of Technology

Financial aid is readily available to those who qualify. Regardless of your financial background, at FIT, they are committed to helping all their students meet their financial and educational needs. Undergraduate student can qualify for up to $10,500 a year towards a degree. Federal student aid is available to cover all the academic expenses. Florida’s Access Grant is available to eligible Florida residents. Online enrollment advisors can assist you with enrollment and can help you select the best financial aid options for suit your needs.

There is a $75 application fee and your books and other supplies cost more. Tuition is $435 per credit hour and may be tax deductible, check with your tax advisor for more details.

Employment Outlook for Florida Institute of Technology Graduates

A bachelor’s degree is worth an additional $23,000 a year more than a high-school education. Graduates with advanced degrees were found to earn significantly more than those with only a Bachelor degree. At Florida Tech, they make it easy, flexible and convenient for you to attend classes online.

So, don’t put it off any longer! Earn the degree that will advance your career, open new doors and increase your earning potential, with Florida Tech Online.

More students turning to Junior ROTC programs – Army News, news from Iraq, – Army Times

ASHEVILLE, N.C. — Before enrolling in the Junior Reserve Officers’ Training Corps program at Asheville High School, William Michaels says he struggled to keep his anger under control.

Student tax credit

Question: Educational Tax Exemptions??

I’m an adult student , returning to college. I believe I have already used that Hope Educational credit a few years back, and it was my understanding that is a ‘one time’ thing. Are there any other educational exemptions I can use on my Federal Taxes? ( I’ve also worked all of 2007 part-time, and will be filing Single, Head of Household.)

Thanks in advance!

Answer: Lifetime Learning Credit.

In fact, in some circumstance the Lifetime Learning Credit can give you a bigger credit than the Hope Credit now.

James R. Pratt Jr. is appointed to supervisory committee

DARTMOUTH — First Citizens’ Federal Credit Union recently announced the appointment of James R Pratt, Jr. to their Supervisory Committee.

Excel Busn Math 42: Federal Income Tax Payroll Deduction