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This course examines the programs, credits, deductions and federal income tax treatment of various items that affect saving for and financing an individual's education.

Learning Objectives

  • Identify the features and tax benefits of qualified tuition programs available under IRC ยง529.
  • Recognize the limits and tax treatment of contributions to and distributions from a Coverdell education savings account (ESA).
  • Identify the tax treatment of interest earned under qualified U.S. savings bonds used to pay certain education expenses.
  • Discover and apply the American opportunity and lifetime learning credit rules.
  • Recognize the tax treatment given to scholarships, fellowships and other types of educational assistance.
  • Discover and apply the federal income tax rules applicable to student loan interest, student loan cancellations and repayment assistance.
Last updated/reviewed: September 21, 2022

Prerequisites

Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:30Introduction to Education Tax Benefits
  16:45Education Tax Benefits - Part1
  17:12Education Tax Benefits - Part 2
  16:58Education Tax Benefits - Part 2 Cont'd
  15:00Education Tax Benefits - Part 3
  19:30Education Tax Benefits - Part 4
  12:50Education Tax Benefits - Part 5
  15:02Education Tax Benefits - Part 6
  15:42Education Tax Benefit Part 6 Cont'd
CONTINUOUS PLAY
  2:11:29Education Tax Benefits
SUPPORTING MATERIAL
  PDFSlides: Education Tax Benefits
  PDFEducation Tax Benefits Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM