本帖最后由 kevin 于 2014-5-5 17:06 编辑
C. Credit for the Elderly and/or Permanently Disabled1. Eligibility This credit of 15% of eligible income is available to individuals who are: a. 65 years of age or older or b. Under 65 and retired due to permanent disability. 注释：满足这类credit的条件是大于65岁或者由于永久性残疾而退休。
D. Education Tax IncentivesAssuming the requirements are met, a taxpayer has the opportunity to reduce and/or avoid taxes by taking advantage of the American Opportunity Credit, the Lifetime Learning Credit, and/or a non-taxable distribution from a Coverdell Education Savings Account used to pay higher education costs.
1. The American Opportunity Credit The American Opportunity Credit (a modification of the Hope Scholarship Credit) is available against federal income taxes for qualified tuition, fees, and course materials (including books) paid for a student's first four years of post secondary (college) education at an eligible educational institution. a. The credit is equal to (maximum credit of $2,500 in 2013): (1) 100% of the first $2,000 in 2013 of qualified expenses, plus (2) 25% of the next $2,000 in 2013 of expenses paid during the year. b. The qualified expenses are on a "per student" basis and must be incurred on behalf of the: (1) Taxpayer, (2) Taxpayer's spouse, or c. For 2013, the credit phase out begins with modified AGI exceeding $80,000 ($160,000 on a joint return), with full phase out at $90,000 ($180,000 joint).
2. The Lifetime Learning Credit The Lifetime Learning Credit is available for an unlimited number of years for qualified tuition and related expenses (except books) at eligible educational institutions. a. The credit is equal to 20% of qualified expenses up to $10,000. b. For 2013, the credit phase out begins with modified AGI exceeding $53,000 ($107,000 on a joint return), with full phase out at $63,000 ($127,000 joint).
E. Adoption CreditA credit for qualifying expenses of adopting a child is available.
1. Limit (disregarding potential employer-provided benefits, which are beyond the scope of the exam)
2. Phase-out The credit is phased out for modified adjusted gross income between: $194,580 - $234,580
3. Eligible Expenses a. All reasonable and necessary expenses, costs, and fees are available for the credit. b. The credit is not available for adopting the child of a spouse or for a surrogate parenting arrangement. c. Medical expenses do not qualify as eligible expenses. 注释：Medical expenses是不符合条件的开销。
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发表于 2014-5-5 17:04:04
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发表于 2014-7-9 01:53:55
