Q. What is the Educational Opportunity Tax Credit (EOTC)?Written by Amy Scholl | Published on February 2, 2016
A. The EOTC can provide substantial savings for eligible Maine residents. If you graduated from a Maine college, and live and work in the state, then you may be eligible for a Maine income tax credit for student loan payments that you have made. You can find out more information about this credit here and if you are eligible.