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.

Learning Objectives
  • Identify the features and tax benefits of qualified tuition programs available under IRC ยง529.
  • 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.
  • Discover and apply the American opportunity and lifetime learning credit rules.
  • Recognize the tax treatment given to scholarships, fellowships and other types of educational assistance.
  • Discover and apply the federal income tax rules applicable to student loan interest, student loan cancellations and repayment assistance.
Last updated/reviewed: March 24, 2024
14 Reviews (75 ratings)

Reviews

3
Anonymous Author
better explanation of exception calculations - tables with values did not include calculation of numerator or denominator units within module should have better labels for reference purpose Ex - lifetime opportunity credit as opposed to part # continued difficult to use materials for
5
Member's Profile
A great board course on the tax benefits of education payments and programs. Perfect for someone looking to brush up on all the options available.
2
Member's Profile
The slides were great, but the final included questions that required referencing additional online material not within the course
4
Anonymous Author
This course around the education tax benefits provided more information than expected. Final exam required some extra research
4
Anonymous Author
This was an interesting course. I liked it and useful information that will help in everyday tax preparer's functions.
4
Member's Profile
This course was a great refresher course for me considering I do not regularly deal with clients who have this issue.
5
Anonymous Author
good application of math scenarios mixed with conceptual understanding - both in a specific and high level sense
5
Member's Profile
The course is very detailed, however the audio is not clear enough, its a little hard to follow
5
Anonymous Author
I enjoyed this course and would recommend it to anyone who prepares tax returns.
4
Anonymous Author
Great details on educational savings options and the various tax treatments.
5
Anonymous Author
Great course. Very easy to follow along and has examples for each topic
4
Anonymous Author
Information was presented in an organized easy to understand method.
5
Anonymous Author
Good course. A lot of great information that is well-organized.
5
Member's Profile
useful course, thorough, learned a lot. good test materials.
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Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Education Tax Benefits2:30
  Education Tax Benefits - Part116:45
  Education Tax Benefits - Part 217:12
  Education Tax Benefits - Part 2 Cont'd16:58
  Education Tax Benefits - Part 315:00
  Education Tax Benefits - Part 419:30
  Education Tax Benefits - Part 512:50
  Education Tax Benefits - Part 615:02
  Education Tax Benefit Part 6 Cont'd15:42
CONTINUOUS PLAY
  Education Tax Benefits2:11:29
SUPPORTING MATERIAL
  Slides: Education Tax BenefitsPDF
  Education Tax Benefits Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam