Maximizing Tax Incentives for Post-Secondary Education Expenses (Currently Unavailable)

Author: Cherie Hennig

This course includes a comprehensive and detailed discussion on the importance of maximizing tax incentives for post-secondary education expenses.

Acquire the knowledge to inform your clients on how they can benefit from educational tax incentives and how they can minimize their tax expense by taking advantage of these incentives. Learn about the myriad of definitions, qualifications and limitations for the various deductions and credits as well as the various incentives which yield different types of benefits.

Publication Date: June 2014

Designed For
CPA's, EAs, and other Tax Return Preparers responsible for tax compliance and tax planning for individual clients as well as those who want to expand their knowledge of tax incentives for post- secondary education expenses.

Topics Covered

• Deductions related to educational expenses including the tuition and fees deduction and the work-related education expense deduction.
• Tax credits related to educational expenses including the American Opportunity Credit (AOC) and the Lifetime Learning Credit (LLC).

Learning Objectives

• Recognize what meets the definition of "qualified tuition and related expenses"
• Define the academic period for the tax year the expenses were paid and the term eligible educational institution.
• Identify who is eligible to claim the tax benefit for the qualifying expenses paid for qualifying dependents and how to choose between a tax deduction or a tax credit.
• Recgonize when it may be preferable for a parent to NOT claim a child as a dependent

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None