Education Tax Benefits ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $232.00
Non-Member Price $267.00
Overview
Today taxpayers must plan for their children’s education. Touching on various topics such as qualified tuition programs (QTPs), scholarships and fellowships, this mini-course examines the tax treatment of costs related to education. Practitioners will learn the ins and outs of the tax benefits concerning education and will be able to identify those educational expenses that are deductible. Additionally, financial planning strategies and techniques are outlined to better prepare taxpayers for future educational costs.
Highlights
Work related education expenses. Deduction for student loan interest. Qualified tuition programs. Qualified higher education expenses.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents, and attorneys.
Objectives
Identify deductible education expenses and travel costs under the requirements of Section 162. Determine the qualified credit amounts under the HOPE (American Opportunity) Credit and the requirements of Coverdell education savings accounts. Identify the deductible amount to claim for Section 221 student loan interest and recognize the permissible benefits of Section 529 qualified tuition programs. Specify the tax-free benefits of Section 117 scholarships and fellowships and who is eligible for a Section 132 qualified tuition reduction. Identify educational incentives and financial aid requirements to meet college funding needs.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Danny Santucci, Western CPE
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known for spicing up his extensive expertise with an incredible sense of humor.
Non-Member Price $267.00
Member Price $232.00