Tax Credits and Payments

Tax Credits and Payments

Regular price
$31.90
Sale price
$31.90
Shipping calculated at checkout.

 

This intermediate course examines how credits are divided into refundable and nonrefundable. Nonrefundable credits cannot be used to offset the recapture of any other credit or to offset taxes other than income tax. The credits must be computed in order of priority to ensure that limitations are properly applied. A refundable tax credit is treated as a payment and can be refunded to the taxpayer by the IRS. Refundable tax credits are used to offset certain taxes that normally are not reduced.

At the end of this course, the student will be able to do the following:

  • Explain how a nonrefundable credit affects the taxpayer’s tax liability.
  • Name the refundable credits.
  • Understand the Earned Income Credit (EIC) qualifications.
  • Understand who qualifies for the additional child tax credit.
  • Know the rules for the refundable portion of the American opportunity credit.
  • Recognize when a dependent qualifies for the Other Dependent Credit (ODC).


Field of Study: Federal Tax Law 3 Hours
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required 
Delivery Method: Self-Study

    Self Study

    Learn at your own pace, read or watch the lessons, pass the exams.

    Mobile Friendly

    Learn on your phone, tablet, or computer.

    Bilingual

    All our courses are available in English y español.

    Career Paths

    No matter where you’re at in your career, we have courses for you.

    Simple Learner Experiences

    Prendo365 gives you access to your course anytime, anywhere, on desktop, tablet, or mobile device. You're able to easily navigate through your course and receive your certificate of completion. 

    Why choose us

    Over 35+ years tax preparation experience

    We know what tax preparers need to succeed in their office

    7+ EA’s and tax preparers on staff

    Our team does extensive research to ensure you receive the best education

    Bilingual live support

    Having technical issues? We're ready to help you get started and complete your course.

    FAQ

    SUBMIT YOUR INFO BELOW TO BE CONTACTED BY OUR TEAM