Saturday, September 11, 2010

Textbooks, not so painful financially

Millions of college students nationally get frustrated every September from bookstores across the nation that charge $50, $100, $200 for textbooks, having long lines, poor customer service and brutal return policies. This leads students to go to drastic measures to save a buck on textbooks. Be it looking for fliers littering the hallways of colleges, millions of books on amazon or even textbook rental services.

It is in our human nature to go out seeking low-cost alternatives to the high-priced bookstores, however it may be fruitless because of a little known tax credit for textbooks.

You may claim a tax credit of up to $2,500 for "education expenses." Included in this are college textbooks and other school related expenses. I am sure that any college student at this day in age any college students will be able to come up with these kind of expenses fairly easily.

Make sure you save your receipt!

For More info on the tax credit you can go to http://www.textbookaid.org/