Course curriculum

    1. 7020 Tax Calculation – Line 16

    2. 7250 Small Business - How to Pay Income Tax Example

    3. 7260 Payments

    4. 7262 Small Business - How to Pay Income Tax Example

    1. 8020 Credits for Qualifying Children and Other Dependents Overview

    2. 8022 Credits for Qualifying Children and Other Dependents - Specific Instruction

    3. 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

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

    4. 8244 Earned Income Tax Credit (EIC) Two Child Example

    5. 8246 Earned Income Tax Credit (EIC) Three or More Children Example

    1. 8520 Child & Dependent Care Expenses Credit Overview

    2. 8525 Child & Dependent Care Expenses Credit - Can You Claim the Credit Part 1

    3. 8527 Child & Dependent Care Expenses Credit - Can You Claim the Credit Part 2

    4. 8530 Child _ Dependent Care Expenses Credit - How To Figure the Credit Part 1

    5. 8532 Child & Dependent Care Expenses Credit - How To Figure the Credit Part 2

    6. 8535 Child & Dependent Care Expenses Credit - Do You Have Household Employees

    7. 8610 Child & Dependent Care Expenses Credit Married

    1. 8710 Education Credits Overview

    1. 8730 American Opportunity Credit – Introduction

    2. 8732 American Opportunity Credit- Can You Claim the Credit

    3. 8734 American Opportunity Credit - What Expenses Qualify Part 1

    4. 8735 American Opportunity Credit - What Expenses Qualify Part 2

    5. 8736 American Opportunity Credit - Who Is an Eligible Student

    6. 8737 American Opportunity Credit - Who Can Claim a Dependent's Expenses

    7. 8739 American Opportunity Credit - Figuring the Credit

About this course

  • $75.00
  • 30 lessons
  • 15.5 hours of video content

Description

This course is designed to provide a comprehensive understanding of income tax credits, with a particular focus on the Child and Dependent Care Expenses and Tax Benefits for Education. Using information from Publication 503 and Publication 970, this course will guide participants through the eligibility criteria, application processes, and benefits of these important tax credits. Ideal for taxpayers, tax professionals, and students, this course aims to empower you with the knowledge to maximize your tax savings through these credits.

Topics Covered

The course begins with an overview of the Child and Dependent Care Expenses credit as detailed in Publication 503. Participants will learn about the eligibility requirements, including who qualifies as a dependent, what constitutes qualifying care, and the specific criteria that must be met to claim this credit. The course will also cover the types of expenses that can be included, the limits on the amount of credit, and the necessary documentation to substantiate claims.

Next, the course will delve into Tax Benefits for Education as outlined in Publication 970. Participants will explore various education-related credits, starting with the American Opportunity Credit. This section will explain the credit’s eligibility requirements, the expenses that qualify, the limits on the credit, and how to claim it. The course will also cover the Lifetime Learning Credit, detailing its benefits, qualifying expenses, and eligibility criteria.

Throughout the course, participants will engage in practical exercises and case studies to reinforce their understanding and application of the material. By the end of this course, you will have a thorough grasp of how to navigate and apply for the Child and Dependent Care Expenses credit and various education-related tax benefits, ensuring you can maximize your tax savings effectively.

By the end of this course, you will be well-equipped to understand and apply for key tax credits, allowing you to take full advantage of available tax benefits and maximize your potential savings.