Durbin urges Illinois families to claim tuition tax credit - KMOV.com

Durbin urges Illinois families to claim tuition tax credit

CHICAGO (AP) -- U.S. Sen. Dick Durbin is encouraging Illinois families to take advantage of a college tuition tax credit.

 
The American Opportunity Tax Credit lets families claim a credit of up to $2,500 per student on their 2009 and 2010 tax returns.
  
The U.S. Treasury Department reports that less than half of all eligible Illinois families claimed the credit on their 2009 taxes.
  
Durbin says state families are leaving more than $1 billion in tax credit unclaimed. He says it isn't too late to claim the credit for 2009 or 2010.
  
The average award is more than $1,800 in tax savings.
  
The average student who graduates this spring will have more than $20,000 in student loan debt.
  
Online:
  
www.durbin.senate.gov
  
(Copyright 2011 by The Associated Press. All Rights Reserved.)
 

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