The Internal Revenue Service has timed their tax filing date for students claiming education expenses for February 14, 2013 ... a GREAT valentines gift for students!
The Internal Revenue Service has been scrambling since the late passage of the American Taxpayers Relief Act to get forms and systems updated. It has resulted in delays for filing certain federal income tax forms. If you are a student wanting to file your taxes and claim your credits due for education expenses, you have been unable to file.
File your taxes in Deer Park, La Porte, or Pasadena, TX with Gary's Local Tax Service - Deer Park, or wherever you might choose, right away and the e-file provider can have them ready to e-file immediately on February 14. That will be the fastest way to get your federal income tax return. College students of all ages and parents of students are eligible for a refundable credit called the American Opportunity Tax Credit, an extension of the former Hope Credit.
According to IRS.gov, "The new credit makes the Hope Credit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible will qualify for the maximum annual credit of $2,500 per student." That's a pretty nice Valentine's gift.