College students can get a federal income tax credit for amounts they spend on textbooks. Here’s how it works:1. Buy your books.
2. Keep receipts for your books.
3. Check <a href="textbookaid.com to find out if you are eligible (if you make less than $80,000 per year, you probably are).
4. File a tax return and get money back for your books.
Students are eligible for their first four years of college. Forty percent of the credit is refundable with a maximum of $1,000.
This plan is estimated to help four million additional students to attend college over the previous credit. President Obama has proposed to make the credit permanent.