Textbooks, course materials and tuition not covered by financial aid can be counted as tax credit, according to the National Association of College Stores (NACS).

Under the American Recovery and Reinvestment Act, the newly instituted American Opportunity Tax Credit allows college students to claim their textbooks and other costs in their annual taxes, making them eligible to receive a tax credit of up to $2,500.

City College student Shelby Ignacio feels relieved for the tax code change, saying it will help students with the brunt of buying course materials for future semesters.
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“For us struggling students, it lowers our stress levels just a tad bit.” Ignacio said. “At least we don’t have to worry about how we’ll pay for out textbooks the next semester.”

For more information about the textbook tax credit, please visit www.textbookaid.org.