Education Tax Benefits mini (ebook)

  • Credits: 2
  • Format: Self-Study eBook
  • Field of Study: Federal Tax Update
  • Author/Speaker: Danny Santucci, CPA
Course ID: Advanced Preparation: Experience Level:
EWTFM-T-01736-21-S | 6233-CE-0461 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© February 2021 General understanding of Federal Income Taxation. Self-Study eBook

Today taxpayers must plan for their children's education. Touching on various topics such as qualified tuition programs (QTPs), scholarships, and fellowships, this mini-course examines the tax treatment of costs related to education.

Practitioners will learn the ins and outs of the tax benefits concerning education and will be able to identify those educational expenses that are deductible. Additionally, financial planning strategies and techniques are outlined to better prepare taxpayers for future educational costs.

Topics include:
  • Work-related educational expenses
  • Educational expense credits
  • Education savings accounts
  • Deduction for student loan interest
  • Qualified tuition programs
  • Higher education expense deduction
  • IRA withdrawals for education expenses
  • Scholarships & fellowships
  • Educational savings bonds
  • Educational incentives & financial aid


Learning Objectives:

After reading the course material, you will be able to:

  • Identify deductible education expenses and travel costs under the requirements of §162.
  • Determine the qualified credit amounts under the HOPE (“American Opportunity”) Credit and the requirements of Coverdell education savings accounts.
  • Identify the deductible amount to claim for §221 student loan interest and recognize the permissible benefits of §529 qualified tuition programs.
  • Deduction for student loan interest
  • Qualified tuition programs
  • Higher education expense deduction
  • Specify the tax-free benefits of §117 scholarships and fellowships and who is eligible for a §132 qualified tuition reduction.
  • Identify educational incentives and financial aid requirements to meet college funding needs.


Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)


Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s: