Review The Pingry School. Pingry is an academically rigorous high school in Martinsville, New Jersey. With a 100% graduation rate, 100% of students going to a four year college, and over a third of the graduating class attending Ivy League schools, Pingry has built a strong reputation for itself.
American Opportunity Tax Credit is a credit for qualified education expenses paid for an eligible student for the first four years of higher education.You can get a maximum annual credit of $2,500 per eligible student.
Q8. How is the American opportunity tax credit calculated? A. Taxpayers will receive a tax credit based on 100 percent of the first $2,000, plus 25 percent of the next $2,000, paid during the taxable year for tuition, fees and course materials. Q9. How will the American opportunity tax credit affect my income tax return? A.