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.
There is no limit on the number of years for which you can claim a Lifetime Learning credit based on the same studentâs expenses. The Lifetime Learning credit is also non-refundable, whereas the American Opportunity is partially refundable. And it has a $2,000 maximum vs. $2,500. A taxpayer whose modified adjusted gross income is greater than $64,000 ($128,000 for joint filers) cannot claim the credit. 2  These limits are indexed to inflation and change annually. 3  School Eligibility: Available for all years of post-secondary education and for courses to acquire or improve job skills.