Amid fee hikes, UC publicizes tax breaks - Sacramento News - Local and Breaking Sacramento News Sacramento Bee:
"Lost amid the hubbub of campus protests last week was a message University of California leaders desperately want middle-class families to hear: Yes, the new fee hikes mean you'll have to come up with more money to pay for your child's education – but you'll get a lot of it back when you do your taxes.
The federal stimulus package included many changes to the tax credits that parents can claim for children in college. It upped the maximum credit from $1,800 to $2,500 per student, raised the household income ceiling for eligibility from $116,000 to $180,000 and increased the length of time parents can claim the credit from two years to four."
"Lost amid the hubbub of campus protests last week was a message University of California leaders desperately want middle-class families to hear: Yes, the new fee hikes mean you'll have to come up with more money to pay for your child's education – but you'll get a lot of it back when you do your taxes.
The federal stimulus package included many changes to the tax credits that parents can claim for children in college. It upped the maximum credit from $1,800 to $2,500 per student, raised the household income ceiling for eligibility from $116,000 to $180,000 and increased the length of time parents can claim the credit from two years to four."