MANUEL VELAZQUEZ-RODRIGUEZ and MIGUEL SANCHEZ-ACEVEDO are each charged in indictments with illegal re-entry to the United States, a violation of 8 U.S.C. Â§ 1326. The maximum penalty each could receive, depending on their prior criminal history, is two to 20 yearsâ imprisonment.
The income limit to receive the American Opportunity Tax Credit is  $180,000 when filing jointly or $90,000 if you are single, head of household, or a qualifying widower.
First, remember that a tax credit is superior to a tax deduction. Unlike a tax deduction, a tax credit reduces the amount you owe (or increases the size of your refund) dollar-for-dollar in the amount of the credit. The maximum 2013 American Opportunity Tax Credit is $2,500 per student.To qualify, you must have spent at least $4,000 in qualifying education expenses. As a partially refundable credit, a maximum of 40% of the credit is payable to you even if you incur no tax liability for the year.he maximum 2013 American Opportunity Tax Credit is $2,500 per student. To qualify, you must have spent at least $4,000 in qualifying education expenses. As a partially refundable credit, a maximum of 40% of the credit is payable to you even if you incur no tax liability for the year.