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.

This course covers the following topics:

  • The two tax credits available for higher-education expenses: American Opportunity Credit and lifetime learning credit
  • 529 plans and education savings accounts
  • Student loan interest
  • Tax preparer due diligence
Learning Objectives
  • Explore the two tax credits available for higher-education expenses: American Opportunity Credit and lifetime learning credit
  • Identify 529 plans and education savings accounts
  • Explore about the student loan interest
  • Recognize tax preparer due diligence
Last updated/reviewed: September 18, 2024
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
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Education Tax Benefits 20245:46
  American Opportunity Credit11:00
  Lifetime Learning Credit10:06
  Section 529 Plans and Education Savings Accounts17:50
  Student Loan Interest1:22
  Miscellaneous2:36
  Tax Preparer Due Diligence4:10
CONTINUOUS PLAY
  Education Tax Benefits 202452:50
SUPPORTING MATERIAL
  Slides: Education Tax Benefits 2024PDF
  Education Tax Benefits 2024 GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam