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
2 Reviews (19 ratings)

Reviews

5
Anonymous Author
I enjoyed this course and would recommend it to anyone who prepares tax returns.

4
Anonymous Author
Information was presented in an organized easy to understand method.

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Education Tax Benefits2:30
  Education Tax Benefits - Part116:45
  Education Tax Benefits - Part 217:12
  Education Tax Benefits - Part 2 Cont'd16:58
  Education Tax Benefits - Part 315:00
  Education Tax Benefits - Part 419:30
  Education Tax Benefits - Part 512:50
  Education Tax Benefits - Part 615:02
  Education Tax Benefit Part 6 Cont'd15:42
CONTINUOUS PLAY
  Education Tax Benefits2:11:29
SUPPORTING MATERIAL
  Slides: Education Tax BenefitsPDF
  Education Tax Benefits Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam