Sen. Schumer announces tax credit for middle-class families - NEWS10 ABC: Albany, New York News, Weather, Sports

Sen. Schumer announces tax credit for middle-class families

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ALBANY, N.Y. -- Senator Charles Schumer says a tax credit included in the fiscal cliff deal will continue to help middle-class families pay for college.

The senator visited The College of Saint Rose Thursday, to announce the credit will provide up to $2500 dollars to families for the next five years.

He says this really makes a difference for most of the families here in the Capital Region.

"It allows every family that makes below 200 thousand a year to take a full tax credit of $2,500 for each year of college off their taxes to help defer the cost of tuition," said Schumer.

The senator says this credit has saved local families thousands since 2009.

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