There are many different credits that can apply to taxpayers. This lesson is designed to teach you about three main credits that are often used. Those credits are the Child Tax Credit, the Additional Child Tax Credit, and the Child and Dependent Care Credit.
Having a good understanding of these credits is critical because most tax preparers will encounter questions regarding these credits. Additionally, the tax owed and even possibly the refund will change significantly based on the proper application of these credits.
This course is designed to review the rules for each of those credits. By the time you are finished with this course you should be able to know the qualifications for each one of these credits and how they work.
This is a tax law fundamental course that all tax preparers should know extensively. Whether you are a first time tax preparer that needs to know the basic rules or a seasoned tax professional that needs a refresher, this course is for you.
IRS CE credit of 2 hours is provided with this course.