ARRA Expands Hope Scholarship Credit
The American Recovery and Reinvestment Act includes an expansion of the Hope scholarship credit that will provide additional support to many American families that have members attending post-secondary educational institutions. The expanded credit, called the American opportunity tax credit, modifies the...
Published on December 01, 2009
Tax Benefits for Education
An array of tax benefits are available to taxpayers, including income exclusions for educational assistance, scholarships, and distributions from qualified tuition plans and educational IRAs, as well as credits for tuition and certain education-related expenses and a deduction for tuition payments
Published on July 01, 2010
Hope vs. Opportunity Higher Education Tax Incentives
...starting after 2010 (Treasury Dept., General Explanations of the Administrations' Fiscal Year 2011 Revenue Proposals (PDF), February 2010, pages 21-22). This article compares the AOTC to the Hope Scholarship credit
Published on July 15, 2010
AICPA News Update - February 1, 2013
...System Due to Court Ruling on Preparer Registration; New Tool Available: How to Manage Customer Value; Selected Content on CGMA.org to Be Locked Beginning Feb. 8; 2013-14 Scholarship Applications Now Available; Get the Latest News on AICPA Insights
Published on February 01, 2013
AICPA News Update - May 11, 2012
...in a Family-Owned Business, Free Webinar: Small Firm Issues Update, AICPA Now Accepting Nominations for National Public Service Award, Apply for the 2012 P. Thomas Austin PFP Division Scholarship to Attend the Advanced Estate Planning Conference
Published on May 11, 2012
AICPA News Update - January 29, 2010
January 29, 2010 issue: Chairman of Blue-Ribbon Panel on Private Company Reporting Appointed; IASC Foundation Publishes Free Training Material for IFRS for SMEs; AICPA Chairman: Get Involved and Start Young; Governance Depends on Solid Enterprise Risk Management and Internal Controls; Comments Sought on Draft Issues Paper on NFP Fair Value
Published on March 08, 2010
IRS Releases Some Annual Inflation Adjustments, Many Unchanged for 2011
The IRS released its annual revenue procedure making inflation adjustments for various credits and other tax items.
Published on January 01, 2011
AICPA News Update Vol. 14 No. 4
Tax Strategy Patent Bills Introduced in Senate
Published on January 28, 2011
International Students and the American Opportunity Tax Credit
The tax compliance of international students is now a more critical issue because of the partially refundable nature of the American opportunity tax credit.
Published on November 01, 2011
Improved Education Credit Opportunities for High-IncomeTaxpayers
For 2009 and 2010, the American opportunity tax credit provides increased credit amounts for higher education expenses. This article discusses how taxpayers can best take advantage of the credit.
Published on March 01, 2010