Keep those receipts for Uncle Sam
The weekend is a great time to organize your classroom paperwork as well as your expense receipts. Make sure to keep track of your textbook bills. Come tax time, many students for the first time will be able to write off much or all of their textbook costs thanks to the American Opportunity Tax Credit, signed into law by President Obama in February. The new tax credit is worth up to $2,500, according to the National Association of College Stores. And those textbooks, especially in the sciences, can get mighty expensive. The average student spends between $300 and $500 per semester for books.
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