Learn tax preparation related to credits - child, other dependents, earned income tax, child and dependent care expenses, and education credits. Read more.
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Get Started with All Access PassBuy Only This CourseAbout This Course
Who this course is for:
- Tax payers
- Accountants
What you’ll learn:
- Tax credits
- The difference between tax credits and deductions
- Types of expenses that may qualify for the child and dependent care expenses credit
Requirements:
- No prior knowledge is required to take this course
This course will focus on tax preparation related to credits, including the child tax credit, the credit for other dependents, the earned income tax credit, child and dependent care expenses credit, and education credits.
We will look at each new concept from multiple angles, starting with a presentation discussing the topic and then looking at examples to better understand the concepts in action.
The example section will use tax forms to work problems and an accounting equation method using Excel so learners will understand the impact on the actual tax return and visualize the concepts using a tax formula.
Tax credits can have a significant impact on the amount a taxpayer pays. We will discuss the differences between a tax credit and a deduction.
Learners will understand how the child tax credit works, including the idea of an advanced child tax credit and what nonrefundable and refundable credits are.
The course will cover and show examples of the earned income tax credit, one of the most complicated tax credits to understand.
We will look at what types of expenses may qualify for the child and dependent care expenses credit.
Learners will understand education credits and how to calculate them.
Our Promise to You
By the end of this course, you will have learned tax credits and its difference from deductions.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today!
Course Curriculum
| Section 1 - Tax And Payments Lines On Form 1040 | |||
| Tax Line 16 Part 1 | 00:00:00 | ||
| Tax Line 16 Part 2 | 00:00:00 | ||
| Tax Line 16 Software Example | 00:00:00 | ||
| Payments | 00:00:00 | ||
| Payments Software Example | 00:00:00 | ||
| Section 2 - Child Tax Credit And Credit For Other Dependents | |||
| Credits For Qualifying Children And Other Dependents Overview Part 1 | 00:00:00 | ||
| Credits for Qualifying Children and Other Dependents Overview Part 2 | 00:00:00 | ||
| Credits for Qualifying Children and Other Dependents Overview Part 3 | 00:00:00 | ||
| Child Tax Credit Dependent Qualifications | 00:00:00 | ||
| Part I-A - Child Tax Credit And Credit For Other Dependents | 00:00:00 | ||
| Part I-B Filers Who Check A Box on Line 13 | 00:00:00 | ||
| Part I-C - Filers Who Do Not Check A Box On Line 13 | 00:00:00 | ||
| Parts II-A, II-B, And II-C - Filers Who Do Not Check A Box On Line 13 | 00:00:00 | ||
| Child Tax Credit And Other Depended Credit Excel Worksheet | 00:00:00 | ||
| Child Tax Credit And Other Dependent Credit Software | 00:00:00 | ||
| Section 3 - Earned Income Credit - EIC | |||
| EIC Overview | 00:00:00 | ||
| EIC No Children | 00:00:00 | ||
| EIC One Child | 00:00:00 | ||
| EIC Two Children | 00:00:00 | ||
| EIC Three Children | 00:00:00 | ||
| Section 4 - Child And Dependent Care Expenses Credit | |||
| Child And Dependent Care Expenses Credit Overview | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Definitions | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Who Can Take The Credit Or Exclude D | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Line Instructions Part 1 | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Line Instructions Part 2 | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Line Instructions Part 3 | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Line Instructions Part 4 | 00:00:00 | ||
| Child and Dependent Care Expenses Not Married | 00:00:00 | ||
| Child And Dependent Care Expenses | 00:00:00 | ||
| Section 5 - Education Credits | |||
| Education Credits Overview | 00:00:00 | ||
| American Opportunity Credit | 00:00:00 | ||
| Lifetime Learning Credit | 00:00:00 | ||
| Education Credits Adjusted Qualified Education Expenses | 00:00:00 | ||
| Specific Instructions Part 1 | 00:00:00 | ||
| Specific Instructions Part 2 | 00:00:00 | ||
| Specific Instructions Part 3 | 00:00:00 | ||
| American Opportunity Credit Software Example | 00:00:00 | ||
| Lifetime Learning Credit Software Example | 00:00:00 | ||
| Recovery Rebate Credit Overview | 00:00:00 | ||
| Recovery Rebate Credit Software Example | 00:00:00 | ||
About This Course
Who this course is for:
- Tax payers
- Accountants
What you’ll learn:
- Tax credits
- The difference between tax credits and deductions
- Types of expenses that may qualify for the child and dependent care expenses credit
Requirements:
- No prior knowledge is required to take this course
This course will focus on tax preparation related to credits, including the child tax credit, the credit for other dependents, the earned income tax credit, child and dependent care expenses credit, and education credits.
We will look at each new concept from multiple angles, starting with a presentation discussing the topic and then looking at examples to better understand the concepts in action.
The example section will use tax forms to work problems and an accounting equation method using Excel so learners will understand the impact on the actual tax return and visualize the concepts using a tax formula.
Tax credits can have a significant impact on the amount a taxpayer pays. We will discuss the differences between a tax credit and a deduction.
Learners will understand how the child tax credit works, including the idea of an advanced child tax credit and what nonrefundable and refundable credits are.
The course will cover and show examples of the earned income tax credit, one of the most complicated tax credits to understand.
We will look at what types of expenses may qualify for the child and dependent care expenses credit.
Learners will understand education credits and how to calculate them.
Our Promise to You
By the end of this course, you will have learned tax credits and its difference from deductions.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today!
Course Curriculum
| Section 1 - Tax And Payments Lines On Form 1040 | |||
| Tax Line 16 Part 1 | 00:00:00 | ||
| Tax Line 16 Part 2 | 00:00:00 | ||
| Tax Line 16 Software Example | 00:00:00 | ||
| Payments | 00:00:00 | ||
| Payments Software Example | 00:00:00 | ||
| Section 2 - Child Tax Credit And Credit For Other Dependents | |||
| Credits For Qualifying Children And Other Dependents Overview Part 1 | 00:00:00 | ||
| Credits for Qualifying Children and Other Dependents Overview Part 2 | 00:00:00 | ||
| Credits for Qualifying Children and Other Dependents Overview Part 3 | 00:00:00 | ||
| Child Tax Credit Dependent Qualifications | 00:00:00 | ||
| Part I-A - Child Tax Credit And Credit For Other Dependents | 00:00:00 | ||
| Part I-B Filers Who Check A Box on Line 13 | 00:00:00 | ||
| Part I-C - Filers Who Do Not Check A Box On Line 13 | 00:00:00 | ||
| Parts II-A, II-B, And II-C - Filers Who Do Not Check A Box On Line 13 | 00:00:00 | ||
| Child Tax Credit And Other Depended Credit Excel Worksheet | 00:00:00 | ||
| Child Tax Credit And Other Dependent Credit Software | 00:00:00 | ||
| Section 3 - Earned Income Credit - EIC | |||
| EIC Overview | 00:00:00 | ||
| EIC No Children | 00:00:00 | ||
| EIC One Child | 00:00:00 | ||
| EIC Two Children | 00:00:00 | ||
| EIC Three Children | 00:00:00 | ||
| Section 4 - Child And Dependent Care Expenses Credit | |||
| Child And Dependent Care Expenses Credit Overview | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Definitions | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Who Can Take The Credit Or Exclude D | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Line Instructions Part 1 | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Line Instructions Part 2 | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Line Instructions Part 3 | 00:00:00 | ||
| Child And Dependent Care Expenses Credit Line Instructions Part 4 | 00:00:00 | ||
| Child and Dependent Care Expenses Not Married | 00:00:00 | ||
| Child And Dependent Care Expenses | 00:00:00 | ||
| Section 5 - Education Credits | |||
| Education Credits Overview | 00:00:00 | ||
| American Opportunity Credit | 00:00:00 | ||
| Lifetime Learning Credit | 00:00:00 | ||
| Education Credits Adjusted Qualified Education Expenses | 00:00:00 | ||
| Specific Instructions Part 1 | 00:00:00 | ||
| Specific Instructions Part 2 | 00:00:00 | ||
| Specific Instructions Part 3 | 00:00:00 | ||
| American Opportunity Credit Software Example | 00:00:00 | ||
| Lifetime Learning Credit Software Example | 00:00:00 | ||
| Recovery Rebate Credit Overview | 00:00:00 | ||
| Recovery Rebate Credit Software Example | 00:00:00 | ||
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