2026 Education Tax Benefits

Description

EAs and Other Tax Preparers, after passing the exam you MUST click on the link “GET YOUR CERTIFICATE” to have your hours reported to the IRS. 

Few advantages are as sought after by parents for their children as 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.

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, student loan cancellations and repayment assistance.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. Clicking on the Certificate link will show the course as 100% Complete

A course evaluation form is provided for your feedback and participants have 1 year from the date of purchase/enrollment to complete this course. .

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/