Hot Topics for Refundable Credits

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  • 2016 Filing Season Key Communication Messages 
  • Additional Child Tax Credit
  • Education Credit News
  • 2015 Nationwide Tax Forums 
  • Refundable Credit Webinars



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2016 Filing Season Key Communication Messages 

Help us spread the word about Education Credits, the Premium Tax Credit, the Additional Child Tax Credit and EITC. Find out the key communication messages for the 2016 filing season. Key Communication Messages.

Additional Child Tax Credit

H.R. 1295, the Trade Preferences Extension Act of 2015 added  a provision for tax returns filed after December 31, 2014 about the additional child tax credit. No portion of the child tax credit is refundable if a taxpayer chooses to exclude foreign earned income from their gross income during the same tax year.  

Education Credits

H.R. 1295, the Trade Preferences Extension Act of 2015 added  a provision that does not allow an education credit, American opportunity credit, hope scholarship credit, and lifetime learning credit, unless the taxpayer, spouse or dependent receives the Form 1098-T, Tuition Statement. The legislation allows the Commissioner to provide for exceptions to this rule. This provision applies to taxable years beginning after the date of the enactment of this Act. The act was signed into law on June 29, 2015.

Stayed tuned for further information on how the IRS will implement this for the 2016 tax year.

2015 Nationwide Tax Forums 

The three seminars  ABCs of the Premium Tax Credit, Be an "A" student on the American Opportunity Tax Credit (AOTC) and other education benefits and EITC Due Diligence – It’s Everyone’s Business the EITC and Refundable Credit,office presented at the 2015 Nationwide Tax Forums are now available online. You can audit the seminars for no fee or pay a fee to take the courses for Continuing Education credit.  Find out more on our tax forum page. You can also download the seminar slides here.  

Refundable  Credit Webinars

You can still audit or receive continuing education credit for these webinars:

Learn how to avoid common errors and penalties when determining eligibility for IRS Refundable Tax Credits such as the American Opportunity Tax Credit, Child Tax Credit and Earned Income Tax Credit. You’ll also hear how due diligence can benefit you, your clients and your business. IRS subject matter experts will offer tips and resources to help you prepare and file accurate claims for refundable tax credits.

This is good information for students, parents and college financial administrators. Learn about education credits and eligibility requirements along with information about the American Opportunity Tax Credits, Form 1098-T and much more. 

Page Last Reviewed or Updated: 27-Nov-2015