Helping Clients Plan for Higher Education – Part I Webinar

Summary

As children grow up and go off to college, tax benefits are available to help offset the rising costs of education. In this first part of our two-part series, we’ll discuss the requirements and calculation of the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC). We’ll also review what expenses qualify as higher education expenses and how to calculate the credits using Form 8863, Education Credits. Additionally, we will discuss when it might be advantageous for the parents not to claim the child so they can claim the AOTC.

Objectives

Upon completion of this course, you will be able to:

• Summarize requirements for the AOTC and the LLC
• Prepare Form 8863
• Identify scenarios when it is advantageous to not claim a child as a dependent

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.