Course curriculum

    1. 7020 Tax - Line 16

    2. 7250 Tax - Line 16 Example

    3. 7262 Payments Example

    4. 7260 Payments

    1. 8230 Earned Income Tax Credit (EIC) Questioner & Tables

    2. 8244 Earned Income Tax Credit (EIC) Two Child Example

    3. 8242 Earned Income Tax Credit (EIC) One Child Example

    4. 8246 Earned Income Tax Credit (EIC) Three or More Children Example

    5. 8532 Child & Dependent Care Expenses Credit - Can You Claim the Credit Part 2

    6. 8540 Child & Dependent Care Expenses Credit – Flowchart - Can You Claim the Credit.

    7. 8732 American Opportunity Credit – Can You Claim the Credit

    8. 8734 American Opportunity Credit – What Expenses Qualifyce2c4.autosave

    9. 8735 American Opportunity Credit – Who Is an Eligible Student

    10. 8737 American Opportunity Credit – Who Can Claim a Dependent's Expenses

    11. 8739 American Opportunity Credit – Figuring the Credit

    12. 8752 Lifetime Learning Credit – Can You Claim the Credit

    13. 8756 Lifetime Learning Credit – Figuring the Credit

    14. 8754 Lifetime Learning Credit – What Expenses Qualify

    1. 8020 Credits for Qualifying Children and Other Dependents Overview

    2. 8022 Credits for Qualifying Children and Other Dependents - General Instructions

    3. 8025 Credits for Qualifying Children and Other Dependents – Specific Instructions

    4. 8030 Credits for Qualifying Children and Other Dependents – Dependent Questioner

    5. 8125 Child Tax Credit and Other Dependent Credit Example

    1. 8220 Earned Income Tax Credit (EIC) Overview

    2. 8240 Earned Income Tax Credit (EIC) No Children Example

    1. 8520 Child & Dependent Care Expenses Credit Overview

    2. 8530 Child & Dependent Care Expenses Credit - Can You Claim the Credit.

    3. 8540 Child & Dependent Care Expenses Credit – Flowchart - Can You Claim the Credit.

    4. 8610 Child & Dependent Care Expenses Example

    1. 8710 Education Credits Overview

    2. 8730 American Opportunity Credit – Introduction

    3. 8750 Lifetime Learning Credit – Overview

    4. 8835 American Opportunity Credit Example

    5. 8850 Lifetime Learning Credit Example

About this course

  • $40.00
  • 34 lessons
  • 10.5 hours of video content

Description

This course will focus on tax preparation related to credits, including the child tax credit, the credit for other dependents, the earned income tax credit, child and dependent care expenses credit, and education credits.

We will look at each new concept from multiple angles, starting with a presentation discussing the topic and then looking at examples to better understand the concepts in action.

The example section will use tax forms to work problems and an accounting equation method using Excel so learners will understand the impact on the actual tax return and visualize the concepts using a tax formula.

Tax credits can have a significant impact on the amount a taxpayer pays. We will discuss the differences between a tax credit and a deduction.

Learners will understand how the child tax credit works, including the idea of an advanced child tax credit and what nonrefundable and refundable credits are.

The course will cover and show examples of the earned income tax credit, one of the most complicated tax credits to understand.

We will look at what types of expenses may qualify for the child and dependent care expenses credit.

Learners will understand education credits and how to calculate them.