Helping Clients Plan for Higher Education On-Demand Webinar

Summary

As children grow up and go off to college, there are tax benefits available to help offset the rising costs of education. This webinar addresses the requirements and calculation of the two education tax credits, the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC). We will review what expenses qualify as higher education expenses, the impacts of distributions from §529 plans and scholarships on the education credits, and calculating the credits on Form 8863, Education Credits.

Objectives

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

• Summarize requirements for the AOTC and the LLC
• Determine the taxable portion of a §529 plan distribution
• Prepare Form 8863

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.