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Recapture Rules and Education Tax Credits

1 AFSP, EA, CFP®, CPA, CRTP

Track:

Taxposium

Unlock the full potential of education tax benefits with a deep dive into the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC). Learn to accurately calculate these credits, recognize when recapture rules apply and navigate the complexities of reporting recaptured tax credits. This session equips you with the expertise to confidently assist clients in optimizing their education-related tax savings while staying compliant.

Objectives

Upon completion of this session, you will be able to:

● Understand requirements for AOTC and LLC

● Properly calculate education tax credits

● Recognize situations that require the recapture the credits

● Properly calculate and report the recapture of the credits

CPE information

Duration: 50 minutes

Course level: Overview

Prerequisite: None

Advanced preparation: None

Delivery method: Group Internet-Based



CPE credits
Designation
Field of study
IRS

1

AFSP

Federal Tax Law Update

IRS

1

EA

Federal Tax Law Update

NASBA

1

CPA

Taxes

CTEC

1

CRTP

Federal Tax Law Update

CFP Board

1

CFP®

n/a


Instructor(s)

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Kathryn Keane, EA

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