- NY Credits : 7.0
- TX Credits : 7.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 7.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 7.0
Explore a variety of educational incentives as a result of recent tax legislation (such as Tax Cuts and Jobs Act of 2017) and the applicable tax rules that are available for pre-college, undergraduate, graduate, primary, secondary, and in some cases, continuing professional education expenses. This course provides an in-depth review of the education incentive provisions that are provided in the IRC for taxpayers saving for the cost of higher education. Included in this course are topics such as the American Opportunity, and Lifetime Learning credits, Coverdell IRA, traditional and Roth IRAs, and qualified tuition programs, to name a few. This course is most appropriate for the professional with detailed knowledge in tax incentives and credits who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
assess the Hope and American Opportunity and Lifetime Learning credits and Coverdell education savings accounts;
distinguish between traditional and Roth IRAs;
recognize qualified tuition programs;
distinguish between bonds, gifts, and grants;
identify deductible education expenses;
determine qualified work-related deductible expense; and
determine proper tax planning.