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State and Federal Tax Credits for Higher Education

The Opportunity Maine and American Opportunity programs are designed to provide tax credits to help students cover the cost of college expenses. Information about both programs can be found at the links below.

Opportunity Maine Tax Credit

The Opportunity Maine program is designed to provide a tax credit to help cover the payment of student loans for eligible Maine students who work and pay taxes in the state after they finish school. For more information...

American Opportunity Credit

The American Opportunity Tax Credit can be claimed for tuition and certain fees you pay for higher education in 2009 and 2010 and offers a tax credit of up to $2,500 of the cost of qualified tuition and related expenses paid during the taxable year. For more information about this program, go to Questions and Answers.