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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Education Tax Credits

Education Tax Credits

Paperback

Business General

ISBN10: 1329637828
ISBN13: 9781329637825
Publisher: Lulu Pr
Published: Oct 23 2015
Pages: 210
Weight: 0.69
Height: 0.48 Width: 6.00 Depth: 9.00
Language: English
Education Tax Credits begins as a guide to preparing tax returns with education tax credits such as the American Opportunity Tax Credit. This systematic analysis covers the steps required to process education credit claims, from researching scholarships and calculating the maximum credit to coordinating with educational savings accounts and Pell grants. This book also discusses 1098T reporting rules, coordinating tax benefits, and tax planning. Illustrated aids assist in document preparation and student account tabulation with examples of records from two local institutions. The AOTC worksheet included is instrumental in calculating the maximum credit. Additional material is provided to assist in planning for other educational incentives, including Section 529 plans, Coverdell ESAs, savings bonds, and penalty exceptions for IRA withdrawals.

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Business General