Tax Planning with Education Credits
2 CPE for AFSP, EA, CFP®, CPA, CRTP
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Unlocking education credits can lead to significant tax savings for families. We can maximize these opportunities with the right planning and a keen understanding of tax regulations. While calculating the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC) may appear straightforward, various factors can make it more complex. During this session, we’ll delve into strategic tax planning approaches to help clients optimize education-related tax savings while avoiding common pitfalls.
Objectives
Upon completion of this session, you will be able to:
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Calculate the AOTC and the LLC
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Differentiate between qualified education expenses for various education tax benefits
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Evaluate when to treat scholarships, grants and 529 plan distributions as taxable income to maximize education credits
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Analyze how tax-free educational assistance, such as employer-provided education, impacts the AOTC and LLC
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CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live
