⁠Scholar’s Advantage: Mastering Education Tax Benefits (Course and eBook)

Inside This Course:

This course works through the eligibility requirements that determine which credits and deductions a taxpayer actually qualifies for, that actually move the needle for clients dealing with the cost of higher education.Through detailed explanations and real-world examples, you’ll learn how to strategically apply these credits, including timing of payments, how scholarships and grants factor in, and the planning approaches that maximize savings on education expenses.

The course closes with reporting and compliance, covering how to accurately report educational expenses and credits on a return to reduce the risk of errors and audits.

By the end of this course, you’ll be able to master the eligibility, calculation, and phase-out rules for the AOTC and Lifetime Learning Credit; tell the difference between qualified and non-qualified education expenses; understand the rules around 529 plans and Coverdell ESAs; coordinate multiple education tax benefits without triggering double-benefit penalties; and advise clients on the tax treatment of student loan interest, loan forgiveness, and the tax consequences of default or discharge.

Upon successful completion, participants will receive a certificate of completion for 3 hours of continuing education in the federal tax law topics category.