1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC
This two-credit self-study CPE Course provides you with an overview of the rules for claiming personal tax credit and highlights planning tips to help you in your practice. The focus of this course is on tax credits for individuals. Credits are more valuable than deductions because they reduce tax liability on a dollar-for-dollar basis. This course will provide an overview of the array of individual credits and the limitations that apply for each of these credits. It will also review the due diligence requirements for paid preparers.
Publication Date: February 2018
Premium Tax Credit
Child Tax Credit
Dependent Care Credit
Earned Income Tax Credit
Education Credits, including the American opportunity credit and lifetime learning credit
Retirement Saver's Credit
Credit for the Elderly and Permanently Disabled
Foreign Tax Credit
Excess Social Security Credit
Energy-related Tax Credits
Alternative Minimum Tax
Tax Return Preparer Duties
Explain the income limits for eligibility for certain personal tax credits.
Identify which personal tax credits are partially or fully refundable.
Discuss the due diligence requirements for tax return preparers with respect to certain refundable tax credits.