Course Description: This course is designed to acquaint you with the principal rules applicable to the exclusions, deductions, and credits afforded to educational expenses under the Internal Revenue Code. 

 Course Level: Basic 

 Course Prerequisites: None 

 Delivery Method: Self-study

At the end of the course, you will be able to: 

• Identify the six amounts that may be excluded from a student’s gross income; 
• Understand the fundamental requirements that must be satisfied to exclude these amounts; 
• Be able to identify the two educational expenses that may be deducted from a student’s income; 
• Understand the fundamental requirements that must be satisfied to claim these deductions; 
• Understand the multi-part educational credit; 
• Understand the fundamental requirements that must be satisfied to claim each part of the credit; and
• Understand the interrelation of the credit’s parts.

CPE

1.5

CLE

N/A