What Does the Tax Act of 2010 Do Regarding College Tuition

As a parent with two kids in college, this is of great interest to me!!!

The Tax Act of 2010 will expand tax credits for college tuition payers; If you make $90k or less (single), or $180k or less (couples filing jointly), you can get a credit of up to $2,500 (up to 100% on the first $2k you spend, and 25% on the next $2,500 you spend).

Jolly good, I say!

P.S. THIS IS NOT TAX ADVICE!  SEE A QUALIFIED TAX ADVISOR FOR THAT. 

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