As we near the deadline for filing federal income taxes, remind students that textbooks and course materials are eligible for a tax credit.
To learn more about this option as well as how to claim the tax credit, review the IRS instructions posted online at www.textbookaid.org
The tax credit allows students who pay taxes to receive back 40% of their textbook costs.
Of course, open textbooks are a much better deal! The costs for digital textbooks are nearly zero for students with computers and internet access. The cost of bound open textbooks is less than 25% of the cost of comparable commercial textbooks. Students can also claim tax credits on the small price of open textbooks.