February 8, 2011

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Hudson Valley families are eligible for college tuition tax credit, Schumer says

NEWBURGH – US Senator Charles Schumer came to Newburgh Monday to announce Hudson Valley families are eligible for up to $101 million in savings under his $2,500 college tuition tax credit.

Schumer announced while at the SUNY Orange campus that the community college and Newburgh’s Mount Saint Mary College have joined his campaign to make sure that every eligible family takes advantage of the tax credit.

The credit provides middle class families with children in college with $1 back on their taxes for every $1 spent on tuition, up to $2,500 per year. According to the US Treasury, less than 50 percent of eligible families claimed the credit on their 2009 taxes.

Schumer said last year’s returns can still be amended, which means New York families in the Hudson Valley are still eligible for up to $101 million in savings.


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