This class presents a summary of an IRS endorsed approach to optimize the AOTC for moderate income families, when the dependent, the student, has non-restrictive scholarships or grants. The most common such grant is a Pell Grant but any scholarship which is allowed to be used for expenses other than Tuition can be used in this approach.

LEARNING OBJECTVES:

1)      You will learn to always ask to see the actual student account

2)      You will learn the impact of the kiddie tax and WHEN it applies

3)      You will learn how to dramatically increase the AOTC amount

Registering for this will provide you access to the cloud link and the slides.

 

Course Instructor: COLEEN DRUCKER, EA, MBA

Coleen Drucker, NJSEA Director and Education Committee member, has recorded this 30-minute webinar.  Coleen Drucker has been an Enrolled Agent since 2016 and recently became an NJSEA Board of Director and joined the Education Committee.  Coleen has been the lead trainer for Morris County VITA for several years after joining VITA in 2012.   Coleen’s VITA training efforts have put extra emphasis on options to increase the refunds of moderate income taxpayers.

Coleen received a B.E. in Mechanical Engineering in 1978, a Masters in Engineering Sciences in 1980 and an MBA in 1990.   She is an aspiring financial planner focused on the intersection of health insurance decisions, financial planning and tax planning, both for federal and NJ taxes.