Education – Tax Benefits

Price: $47.50

CPE Credits: 5.0

Category: , ,

Course Number: TXEDU8PW

education federal tax

Description:
Few advantages are as sought after by parents for their children than an education that will enable them to grow professionally and enjoy the benefits such an education can help bestow. The federal government supports and encourages their efforts to provide that education through various programs and income tax incentives. This course will examine the programs, credits, deductions and federal income tax treatment of various items that affect saving for and financing an individual’s education. In so doing, it will consider:

  • Qualified tuition programs;
  • Coverdell education savings accounts;
  • The education savings bond program;
  • Federal tax credits for education;
  • The federal tax treatment of scholarships, fellowships, grants and tuition reductions; and
  • Deductions available for student loan interest, tuition and fees.
    Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorPaul Winn CLU ChFc

Publication: January 2018; Latest Update: Jan 2019
Format: PDF
Pages: 110

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants 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.

 

5 Star CPE Rating“I appreciate this course topic, the amount and level of detail, the use of numerical examples, the clear writing, the use of “and” and “or” in lists, good and relevant questions for the Reviews and the Exam, and the explanations of both right and wrong answers in the Review Questions.”  Dawn W. July 2017

Description:
Few advantages are as sought after by parents for their children than an education that will enable them to grow professionally and enjoy the benefits such an education can help bestow. The federal government supports and encourages their efforts to provide that education through various programs and income tax incentives. This course will examine the programs, credits, deductions and federal income tax treatment of various items that affect saving for and financing an individual’s education. In so doing, it will consider:

  • Qualified tuition programs;
  • Coverdell education savings accounts;
  • The education savings bond program;
  • Federal tax credits for education;
  • The federal tax treatment of scholarships, fellowships, grants and tuition reductions; and
  • Deductions available for student loan interest, tuition and fees.
    Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorPaul Winn CLU ChFc

Publication: January 2018; Latest Update: Jan 2019
Format: PDF
Pages: 110

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants 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.

 

5 Star CPE Rating“I appreciate this course topic, the amount and level of detail, the use of numerical examples, the clear writing, the use of “and” and “or” in lists, good and relevant questions for the Reviews and the Exam, and the explanations of both right and wrong answers in the Review Questions.”  Dawn W. July 2017

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