Education Tax Credits & Education Tax Benefits

American Opportunity Tax Credit, Lifetime Learning Tax Credit, Student Loan Interest Deduction, (ESA), (QTP)

4.50 (5 reviews)
Udemy
platform
English
language
Other Teaching & Academi
category
4,962
students
12.5 hours
content
May 2022
last update
$84.99
regular price

What you will learn

List Education Tax Credits and Education Tax Benefits

Describe the American Opportunity Tax Credit

Explain the Amount of Tax Benefit for the American Opportunity Tax Credit

Complete Tax Documentation Related to the American Opportunity Tax Credit

Describe the Lifetime Learning Tax Credit

Explain the Amount of Tax Benefit for the Lifetime Learning Tax Credit

Complete Tax Documentation Related to the Lifetime Learning Tax Credit

Describe Tax Benefits For Student Loan Interest Deduction

Complete Tax Documentation Related to the Student Loan Interest Deduction

Describe Tax Benefits For Coverdell Education Savings Account (ESA)

Complete Tax Documentation Related to the Coverdell Education Savings Account (ESA)

Describe Tax Benefits For Qualified Tuition Program (QTP)

Complete Tax Documentation Related to the Qualified Tuition Program (QTP)

Description

This education tax credits & education tax benefits course will discuss tax benefits related to education, focusing on education tax credits including the American Opportunity Tax Credit and the Lifetime Learning tax credit.

The course will describe the benefits of the American Opportunity Tax Credit, giving practical examples using actual tax forms. As we learn the concepts of the American Opportunity tax credit, we will run examples and scenarios using tax software and tax forms to get a feel of how the credit reacts to different tax circumstances.

We will describe the benefits of the Lifetime Learning Tax Credit, giving practical examples using actual tax forms. As we learn the concepts of the Lifetime Learning tax credit, we will run examples and scenarios using tax software and tax forms to get a feel of how the credit reacts to different tax circumstances.

The course will discuss how the American Opportunity tax credit and Lifetime Learning tax credit interact with each other and how to maximize tax benefits.

We will discuss the deduction for student loan interest, describing circumstances where student loan interest is deductible, and giving practical examples using tax forms.

The course will discuss the tax benefits of a Coverdell Education Savings Accounts (ESA). We will consider how a Coverdell Education Savings Accounting (ESA) is set up, the tax benefits, and tax consequences of distributions. The course will also discuss how the Coverdell Education Saving Account (ESA) works or coordinates with education credits like the American Opportunity tax credit and Lifetime Learning tax credit.

We will discuss the tax benefits of a Qualified Tuition Program (QTP). We will discuss how a Qualified Tuition Program (QTP) is set up, the tax benefits, and tax consequences of distributions. The course will also explain how the Qualified Tuition Program (QTP) works or coordinates with education credits like the American Opportunity credit and Lifetime Learning credit.

Screenshots

Education Tax Credits & Education Tax Benefits - Screenshot_01Education Tax Credits & Education Tax Benefits - Screenshot_02Education Tax Credits & Education Tax Benefits - Screenshot_03Education Tax Credits & Education Tax Benefits - Screenshot_04

Content

Introduction

Introduction

Education Tax Benefits

2 Education Tax Benefits
Documents to Download for Reference
PDF - 505 What’s New
505 What’s New
PDF - 508 Reminders
508 Reminders
PDF - 511 Scholarships, Fellowship Grants, Grants, and Tuition Reductions Intro
511 Scholarships, Fellowship Grants, Grants, and Tuition Reductions Introductio
PDF - 514 Scholarships and Fellowship Grants
514 Scholarships and Fellowship Grants
PDF - 517 Tax-Free Scholarships and Fellowship Grants
517 Tax-Free Scholarships and Fellowship Grants
PDF - 521 Reporting Scholarships and Fellowship Grants
521 Reporting Scholarships and Fellowship Grants
PDF - 525 Other Types of Educational Assistance
525 Other Types of Educational Assistance
PDF - 528 Veterans' Benefits
528 Veterans' Benefits
PDF - 532 Qualified Tuition Reduction
532 Qualified Tuition Reduction
Accounting Comic Break

American Opportunity Tax Credit

3 American Opportunity Tax Credit
Documents to Download for Reference
PDF - 605 Reminders
605 Reminders
PDF - 608 Introduction
608 Introduction
PDF - 611 Table-Overview of Credit
611 Table-Overview of Credit
PDF - 614 Can You Claim the Credit
614 Can You Claim the Credit
PDF - 617 American Opportunity Credit Who Can't Claim the Credit
617 American Opportunity Credit Who Can't Claim the Credit
PDF - 621 What Expenses Qualify
621 What Expenses Qualify
PDF - 624 Table - Can You Claim the Credit
624 Table - Can You Claim the Credit
PDF - 627 Qualified Education Expense
627 Qualified Education Expense
PDF - 631 No Double Benefit Allowed
631 No Double Benefit Allowed
PDF - 636 Adjustments to Qualified Education Expenses
636 Adjustments to Qualified Education Expenses
PDF - 641 Adjustments to Qualified Education Expenses Examples
641 Adjustments to Qualified Education Expenses Examples
PDF - 644 Expenses That Don't Qualify
644 Expenses That Don't Qualify
PDF - 647 Who Is an Eligible Student
647 Who Is an Eligible Student
PDF - 651 Table - Who Is an Eligible Student
651 Table - Who Is an Eligible Student
PDF - 655 Who Can Claim a Dependent’s Expenses
655 Who Can Claim a Dependent’s Expenses
PDF - 658 Figuring the Credit
658 Figuring the Credit
PDF - 661 Effect of the Amount of Your Income on the Amount of Your Credit
661 Effect of the Amount of Your Income on the Amount of Your Credit
PDF - 664 Refundable Part of Credit
664 Refundable Part of Credit
Accounting Comic Break

Lifetime Learning Tax Credit

4 Lifetime Learning Tax Credit
Documents to Download for Reference
PDF - 705 Introduction
705 Introduction
PDF - 708 Can You Claim the Credit
708 Can You Claim the Credit
PDF - 711 Who Can't Claim the Credit
PDF - 721 No Double Benefit Allowed
721 No Double Benefit Allowed
PDF - 725 Adjustments to Qualified Education Expenses
725 Adjustments to Qualified Education Expenses
PDF - 728 Coordination with Pell grants and other scholar-ships
728 Coordination with Pell grants and other scholar-ships
PDF - 729 Examples – Include or Exclude Scholarship in Income
711 Who Can't Claim the Credit
PDF - 714 What Expenses Qualify
714 What Expenses Qualify
729 Examples – Include or Exclude Scholarship in Income
PDF - 717 Qualified Education Expenses
PDF - 731 Expenses That Don't Qualify
731 Expenses That Don't Qualify
717 Qualified Education Expenses
PDF - 735 Who Can Claim a Dependent's Expenses
735 Who Can Claim a Dependent's Expenses
PDF - 738 Figuring the Credit
738 Figuring the Credit
PDF - 741 Effect of the Amount of Your Income on the Amount of Your Credit
741 Effect of the Amount of Your Income on the Amount of Your Credit
Accounting Comic Break

Student Loan Interest Deduction

5 Student Loan Interest Deduction
Documents to Download for Reference
PDF - 802 Can You Claim the Deduction
802 Can You Claim the Deduction
PDF - 803 Figuring the Deduction
803 Figuring the Deduction
PDF - 804 Effect of the Amount of Your Income on the Amount of Your Deduction
804 Effect of the Amount of Your Income on the Amount of Your Deduction
PDF - 805 Student Loan Interest Defined
805 Student Loan Interest Defined
PDF - 809 Qualified Education Expenses
809 Qualified Education Expenses
PDF - 812 Adjustments to Qualified Education Expenses
812 Adjustments to Qualified Education Expenses
PDF - 816 Include as Interest
816 Include as Interest
PDF - 819 Allocating Payments Between Interest and Principal
819 Allocating Payments Between Interest and Principal
PDF - 823 Don't Include as Interest
823 Don't Include as Interest
Accounting Comic Break

Coverdell Education Saving Account (ESA)

6 Coverdell Education Saving Account (ESA)
Documents to Download for Reference
PDF - 905 Introduction
905 Introduction
PDF - 908 What Is a Coverdell ESA
908 What Is a Coverdell ESA
PDF - 912 Qualified Education Expenses
912 Qualified Education Expenses
PDF - 915 Contributions
915 Contributions
PDF - 918 Contribution Limits
918 Contribution Limits
PDF - 921 Additional Tax on Excess Contributions
921 Additional Tax on Excess Contributions
PDF - 924 Rollovers and Other Transfers
924 Rollovers and Other Transfers
PDF - 927 Distributions
927 Distributions
PDF - 930 Coordination With American Opportunity and Lifetime Learning Credits
930 Coordination With American Opportunity and Lifetime Learning Credits
PDF - 933 Coordination With Qualified Tuition Program (QTP) Distributions
933 Coordination With Qualified Tuition Program (QTP) Distributions
Accounting Comic Break

Qualified Tuition Program (QTP)

7 Qualified Tuition Program (QTP)
Documents to Download for Reference
PDF - 955 What’s New
955 What’s New
PDF - 958 Introduction
958 Introduction
PDF - 961 What Is a Qualified Tuition Program
961 What Is a Qualified Tuition Program
PDF - 964 How Much Can You Contribute
964 How Much Can You Contribute
PDF - 967 Are Distributions Taxable
967 Are Distributions Taxable
PDF - 970 Coordination With American Opportunity & Lifetime Learning Credits
970 Coordination With American Opportunity & Lifetime Learning Credits
PDF - 973 Rollovers and Other Transfers
973 Rollovers and Other Transfers
Accounting Comic Break

Charts

Price

Education Tax Credits & Education Tax Benefits - Price chart

Rating

Education Tax Credits & Education Tax Benefits - Ratings chart

Enrollment distribution

Education Tax Credits & Education Tax Benefits - Distribution chart

Coupons

DateDiscountStatus
6/2/2022100% OFF
expired
6/12/2022100% OFF
expired
6/16/2022100% OFF
expired
7/11/2022100% OFF
expired
7/16/2022100% OFF
expired
8/10/2022100% OFF
working

Related Topics

2258556
udemy ID
3/7/2019
course created date
11/21/2019
course indexed date
Bot
course submited by