Course Information

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Tax Relief and Incentives for Individuals
Author: CCH Editorial Staff

Description:

The 2009 Recovery Act provides tax breaks to working individuals, homeowners, new car and truck buyers, unemployed individuals, and other Americans. It includes significant tax incentives to encourage consumer spending, especially in the areas of housing and transportation. WRERA suspended required minimum distributions.

Under Michelle’s Law, covered dependents who are full-time students and are at least 18 years old may maintain their parent’s health insurance while the students take a medically necessary leave of absence from school. Finally, the Cars Act encourages consumers to purchase new and more environmentally friendly vehicles.

Topics covered in this course related to the 2009 Recovery Act include:

  • The Making Work Pay Credit
  • The First-Time Homebuyer Credit
  • The New Vehicle Deduction
  • Education Incentives
  • The Child Tax Credit
  • The Earned Income Tax Credit
  • COBRA Premium Assistance
  • The Health Coverage Tax Credit
  • The Unemployment Benefits Exclusion
  • Transportation Fringe Benefits
  • Energy Tax Incentives
Course Details:
Price:  $34.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Overview
CTEC course number:  1075-CE-7104
Course was last updated on:  10/22/2009
Library:
Learning Center Core

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.