"A new education credit could benefit families with children in the California State University's system.
For the tax years 2009 and 2010, there is a new post-secondary education credit called the American Opportunity Tax Credit.
The tax credit created by the American Recovery and Reinvestment Act, or stimulus plan, of 2009 is a modified version of the Hope Credit, which has existed since 1997.
The tax credit may have several benefits for CSU students or their parents. The maximum amount of the credit is $2,500 per student, an increase from previous years.
The credit can be claimed for the first four years of post-secondary education, doubling the previous duration of the Hope Credit.
The AOC is now a refundable credit for most taxpayers"
