Course Information

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Education Tax Incentives: Opportunities and Strategies (Sixth Edition)
Author: Sidney Kess and Barbara Weltman; Charles Herbst, J.D., LL.M.

Description:

This course provides an overview of the tax benefits available to those pursuing higher education, including changes brought about by the 2010 Job Creation Act. Some of the breaks covered encourage saving for college and others help defray the cost of paying for it. Some breaks can be used in combination; others are mutually exclusive. Education Tax Incentives explains all of the 11 major tax incentives for higher education.

Upon successful completion of this course, you will be able to do the following:

  • List the tax treatment of and describe the differences between qualified tuition programs, Coverdell education savings accounts (ESA), and the use of the U.S. savings bond exclusion for funding college savings plans
  • Describe the treatment of scholarships, tuition reduction programs, and employer-provided educational assistance
  • Determine the most favorable education credit or deduction to take
  • Identify the requirements for and the amount of student loan interest that can be deducted
Course Details:
Price:  $37.98
Field of Study:  Accounting
Prerequisites:  None
Level:  Basic
CTEC course number:  1075-CE- 9853
Course was last updated on:  12/08/2011
Library:
Wealth Management

Technical Requirements:
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Credit Available For: Units
CPE 2.00 CPE
CTEC Federal 2.00 CE
Enrolled Agent (Accepted by the IRS) 2.00 CPE
QAS 2.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.