Udemy

Platform

English

Language

Other Teaching & Academi

Category

Education Tax Credits & Education Tax Benefits

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

2.50 (1 reviews)

2038

Students

9.5 hours

Content

Mar 2019

Last Update
$94.99
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
Education Tax Credits & Education Tax Benefits
Education Tax Credits & Education Tax Benefits
Education Tax Credits & Education Tax Benefits

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




2258556

Udemy ID

3/7/2019

Course created date

11/21/2019

Course Indexed date
Bot
Course Submitted by