Tax 101: Education Tax Benefits, Calculations and Due Diligence (Part 4 of 7)
As of writing, there are two types of tax credits available for higher education: American Opportunity Tax Credit and Lifetime Learning Credit. This program will look at the requirements of both, including common issues, and how to calculate them. But tax benefits don't end there--can taxpayers still receive a tax credit for dependency. Education benefits can happen earlier--what happens if a high schooler takes a few summer courses at a community college? What happens if a parent taps into a 529 to pay for university--how does that affect a return? The program will examine these situations.
Tax 101 courses are designed for newer practitioners or those looking to review in preparation for EA or AFSP exams.
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*Self-Study recording not available for NASBA CPE credit.
NASBA Field of Study: Taxes
IRS Program #: 7Q3WU-T-
CTEC Course #: 6248-CE-
Ellie Nava-Jones
,
EA
Ellie views her role as an Enrolled Agent much like Ariadne in the labyrinth—an advocate guiding clients through the complexities of the tax world with clarity and consistency. She holds a Master of Library Science and a Master’s in English, and she teaches for various tax organizations while contributing to trade magazines, journals, and tax compendiums. In her spare time, Ellie writes fiction, both short and long form, that has been published. Her professional focus includes individuals, small businesses, and tax representation, helping clients navigate tax challenges with expertise and care.
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