Education Tax Guide

Reduce the after-tax cost of education by applying the right tax strategies. This course explains available education credits and deductions, outlines eligibility requirements, and identifies qualifying expenses. Learn how income limitations affect benefit availability and how to structure claims to maximize tax savings. Gain a practical understanding of the rules that govern education tax benefits and help clients or your organization minimize net education expenditures through informed planning.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: TX1040
IRS Program Number: 72821-T-00099-25-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 2025
Program Registration Requirements: Click on the Enroll button 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.