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.
We do report your CE hours earned to the IRS electronically. We are an approved IRS CPE provider for Enrolled Agents and Tax Preparers.
