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: March 24, 2024
15 Reviews (77 ratings)
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
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
.
Paul WinnCLU, ChFC, Instructor