Figuring your Taxes and Credits (20)

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.


IRS Program Number: YH9W1-T-00062-20-S
CE Credits: 3 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 15

Course Syllabus

Course Description
This self-study explains how to figure your tax and how to figure the tax of certain children who have unearned income. Also discussed are various tax credits that, unlike deductions, are subtracted directly from your tax and reduce your tax, dollar for dollar, earned income credit, and a wide variety of other credits. This is a Basic tax course with no prerequisites, and qualifies for 3 CE credit in IRS Federal Tax Law.

Learning Objectives

  • Recognize various alternative minimum tax adjustments and preference items.
  • Recall the rules related to the tax on unearned income of certain children.
  • Recall how to figure the child and dependent care credit.
  • Identify who qualifies to take the credit for the elderly or disabled.
  • Recall the limits of the child tax credit.
  • Identify the requirements for and benefits of the American opportunity credit and the lifetime learning credit.
  • Recall the limit of investment income to qualify for the earned income credit.
  • Recognize who is eligible to claim the premium tax credit.
  • Identify various nonrefundable and refundable credits available for income tax purposes.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 15 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.


Course Materials:

  • <Course Materials Removed (Out-dated)>

Course Content