Curriculums:   Retirement, Pensions, Financial Planning & Ins.

NASBA Credit Category:  Taxes

CPE Hours:  2

Description

With various ways to fund college, one area your clients may find unfamiliar is educational tax benefits. Explore the benefits to see who can use them and when; review case studies with different strategies and what their impact is on financial aid; and learn which of these benefits are scheduled to expire and how that will affect college costs.

Major Subjects

• American Opportunity Tax Credit
• Lifetime Learning Credit
• 529 plans
• Coverdell Education Savings Account
• U.S. Savings Bonds
• Student loan interest deduction
• IRA withdrawals for education

Objectives

• Identify available deductions, credits and tax advantage saving programs.
• Determine when to use these educational tax benefits.
• Determine how scholarships impact tax benefits.

Level:  Overview

Designed For

CPAs, CFPs, lawyers and personal financial planners.

Advanced Prep:

None.

Prerequisite

Basic tax knowledge.