CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Educational Tax Credits Latest Update

  • AFSP
  • CPA (US)
  • CVA
  • CFA
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC
Educational Tax Credits Latest Update

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00262-20-O)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0270)

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00262-20-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00262-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Paying for educational expenses isn’t easy. At tax time, there are certain educational tax credits that can help offset some higher education costs by lowering the tax liability of households with eligible students. There are even some circumstances where one may be eligible for a tax refund.

If your clients paid for education expenses in the last year, you may be able to save money on their taxes by claiming the American opportunity credit or lifetime learning credit, or opting for the the tuition and fees deduction. The American opportunity credit is generally the most valuable, if they qualify. You clients can claim these education tax credits and deductions even if you paid with a student loan. Parents can take advantage, too, so long as they don't choose a married filing separately status. Here's what to know about each option.

This course will cover all aspects of planning for higher-education expenses including:

  • The American Opportunity Credit
  • The Lifetime Learning Credit,
  • The deduction for tuition and fees.
  • Section 529 College Savings Plans.
  • Case studies & Tax planning strategies.

Learning Objectives

  • To identify different types of credits and deductions available for college expenses
  • To identify how taxpayers can use Section 529 plans
  • To identify which scholarships are taxable and which are not
  • To recall when a dependent needs to file a tax return
  • To recall various planning strategies

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

Array
(
    [average] => 4.7379
    [no_of_record] => 1305
)
 

4.7

(1305)
76%
23%
1%
0%
0%

KR

I rarely write testimonials but I felt compelled to write this one. Brian was an amazing instructor! Very knowledgeable, engaging and kept my attention the entire time with RELEVANT information. I immediately called two of my friends with children in elementary school, sent them the link provided in the webinar and told them to sign up for a 529 Plan ASAP! This is a great topic for CPAs with young children, not just for their clients.

AB

Absolutely terrific seminar! As a parent with two college graduates, one with huge debt for “flight costs” (commercial aviation major) and one with no debt, I appreciate every angle of this information.

JS

Jason is a great speaker and presented the webinar with a full and complete knowledge of the subject matter. Please have him back again, Very informative and educational; definitely will be focusing on introducing clients to these plans for the upcoming Tax YR

AS

I always learn so much from his webinars, including the fact that there are a lot of information I could have to better serve my current and future clients, There was a wealth of information presented in this seminar. The content is very thought-provoking.

DC

I have learned so much from the presenter. Thank you very for sharing your wisdom, Very effective presenter. Learnt a lot!!! Loved the presentation!

GA

Excellent workshop! Very educational and timely. I live in a college town and approximately 10% of the returns I prepare qualify for education credits. I will be able to use information obtained to more confidently prepare such returns next tax season.