Education Tax Benefits
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Cost | Hours: | $30 | 7 CPE hours | ![]() ![]() |
Text included: | Yes (PDF ebook) View outline | ||
Valid for: | EA | AFSP | Most CPAs | others | ||
Fun CPE Course No. PWX0319
Text Included: Education Tax Benefits (83 pages, including Appendix)
Format: Interactive self-study | 50-minute hour credit
Subject classification: Taxation
Exam questions: Review - 24 | Final - 40
Prerequisites: None
Advance preparation: None
Course level: Overview
Course last updated: January 22, 2019
Learning objectives: Upon completion of this course, you should be able to:
- Identify the features and tax benefits of qualified tuition programs available under IRC §529;
- 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;
- Apply the American opportunity and lifetime learning credit rules;
- Recognize the tax treatment given to scholarships, fellowships and other types of educational assistance; and
- Apply the federal income tax rules applicable to student loan interest, payment of tuition and fees, and student loan cancellations and repayment assistance.