Education Tax Guide (CPE Course)

CPE Credit: 1 hour

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $15

Course Description
The tax code contains a number of options for reducing the cost of an education. In the Education Tax Guide course, we discuss the tax credits and deductions that can significantly reduce your net education expenditures. The course covers the requirements for each option, what types of expenses are covered, and how your taxable income impacts whether you can take advantage of these benefits.

Author: Steven Bragg

Course Number: TX1040

IRS Program Number: 72821-T-00067-23-S

Learning Objectives

  • Recognize the requirements for taking the American Opportunity Credit.

  • Specify the requirements for taking the Lifetime Learning Credit.

  • Specify how a Coverdell education savings account works.

  • Recognize the tax status of scholarships and fellowships.

  • Specify how savings bond interest can be tax-free for a student.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Taxes

Prerequisites: None

Advance Preparation: None

Latest Review Date: December 2023

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.