Education Tax Benefits (v22) – Video Self Study Course

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Course Description

This course examines the programs, credits, deductions and federal income tax treatment of various items that affect saving for and financing an individual's education.

NOTE - This is a Video Self-Study Course

Learning Objectives

Upon successful completion of this course participant should be able to be complete the following objectives:

  • 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
  • Apply the federal income tax rules applicable to student loan interest, student loan cancellations and repayment assistance.

CPE Credits: 5 CPE for CPAs and EAs

Level: Basic

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Revision Date: October 17, 2022