Storm King Mountain. COPYRIGHT 2003 The Gale Group Inc. Storm King Mountain. One of the most important cases in environmental law involved the proposed construction in 1963 of a huge hydroelectric plant by Consolidated Edison on the shores of the Hudson River at the foot of Storm King Mountain.
In 2009 and 2010, the credit is worth up to $2,500 â a $700 increase. The credit is calculated as 100% of the first $2,000 of tuition, fees and course materials paid during the taxable year plus 25% of the next $2,000 of tuition, fees and course materials paid during the taxable year. 2, The Hope credit originally applied only to the first two years of college. The expanded American Opportunity Tax Credit can be claimed for expenses for the first four years of post-secondary education.
Tax Credit: Hope Credit. Letâs compare the mortgage interest deduction to the Hope credit. The Hope credit is an education credit that allows you to claim 100% of the first $1,2000 of qualified education expenses and 50% of the next $1,200, for a total of $1,800. credit is a straight reduction of your taxes owed, rather than a reduction of your taxable income, so the $1,800 credit means you pay $1,800 less on your taxes. For refundable tax credits, if you would otherwise owe less than $1,800, you get the difference back as a refund!