Education Credits Workout
Skills Workout
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Certification Warm Up: Drill & Practice
Do education credits reduce the amount of tax due?
Yes
No
Bob was a full-time student and a fifth-year senior. He has only claimed the American opportunity credit in three earlier years. Does he qualify for the American opportunity credit?
Yes
No
To claim qualified education expenses for the American opportunity credit, taxpayers may include required course-related fees, books, supplies, and equipment even if they are not purchased from an educational institution.
Yes
No
Karen Roberts is single and works full-time as a nurse's assistant in a hospital. Her modified AGI was $32,000. During the current tax year, she enrolled part-time in nursing school and took half the required course load. Her tuition was $4,000. As part of her employer-provided educational assistance, her employer reimbursed her for $1,000 in education expenses. The amount of her qualified education expenses is $1,000.
Yes
No
Score
Correct
Incorrect
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Workout Resources
Publication 4491 Education Credits
Intake/Interview & Quality Review Sheet
Education Credits Job Aids from Publication 4012
Skills Warm Up: Workout Resources
Dependents
Case Study 1: Dependents
Skills Warm Up: Dependents
Qualifying Expenses
Case Study 1: Tuition and Related Expenses
Case Study 2: Nonqualifying Expenses
Skills Warm Up: Qualifying Expenses
Case Study 3: Excluded Amounts
Case Study 4: Kiddie Tax
Skills Warm Up: Excluded Amounts
Case Study 5: Prepaid Expenses
Skills Warm Up: Prepaid Expenses
Skills Warm Up: Qualifying Expenses
American Opportunity Tax Credit
Case Study 1: American Opportunity Credit
Case Study 2: American Opportunity Credit
Skills Warm Up: American Opportunity Credit
Lifetime Learning Credit
Case Study 1: Lifetime Learning Credit Coverage
Case Study 2: Requirements
Case Study 3: Qualifying Expenses
Choosing Between the Credits
Skills Warm Up: Choosing Between the Credits
Case Study 1: Choosing Between the Credits
No Double Benefits
Skills Warm Up: No Double Benefits
Case Study 1: No Double Benefits
Determining the Amount of the Credit
Case Study 1: Determining the Amount of the Credit
Out of Scope
Out of Scope Situations for VITA/TCE
Skills Workout
Certification Warm Up: Question 1 of 4
Certification Warm Up: Drill and Practice
More Resources and Practice
More Resources and Practice
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Publication 4012, Interview Tips for Education Credits
Publication 4491 Education Credits
Publication 4012, Interview Tips for Education Credits
Publication 4491 Education Credits