Tom Perriello | Fifth District Report

I am proud to announce that this week the first piece of legislation I co-authored as a congressman became law. The American Opportunity Tax Credit provides $2,500 a year for the cost of tuition and related expenses (including textbooks for the first time) to individuals making less than $80,000 per year. Up to $1,000 of this tuition tax credit will be refundable, which can be particularly important for displaced workers hoping to pay for advanced training at a community college or university. This tax relief can begin to apply to tuition for the current semester, and is estimated to benefit 71,000 Virginians. Read more