The learning objective of this course is to review the tax laws related to the elderly or disabled.
Lesson and Objectives |
Reading
Assignment |
1. Do You Qualify? |
BestCPE Tax Guide for the Elderly or Disabled |
The learning objectives for this lesson are to review and gain an understanding of:
- Who is a qualified individual
- Income limits
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2. Filing Requirements for Seniors |
BestCPE Tax Guide for the Elderly or Disabled |
The learning objectives for this lesson are to gain an understanding of:
- The general filing requirements for most senior taxpayers
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3. Taxable and Nontaxable Income |
BestCPE Tax Guide for the Elderly or Disabled |
The learning objectives for this lesson are to gain an understanding of:
- Compensation for Services
- Retirement Plan Distributions
- Social Securitty and Equivalent Railroad Retirement Benefits
- Sickness and Injury Benefits
- Life insurance proceeds
- Sale of home
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4.. Taxable and Nontaxable Income |
BestCPE Tax Guide for the Elderly or Disabled |
The learning objectives for this lesson are to gain an understanding of:
- Compensation for services
- Retirement plan distributions
- Social Security and equavalent railroad retirement benefits
- Sickness and injury benefits
- Life insurance proceeds
- Sale of home
- Reverse Mortgages
- Other items
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5.Adjustments to Income |
BestCPE Tax Guide for the Elderly or Disabled |
The learning objectives for this lesson are to gain an understanding of:
- Individual Retirement Arrangement (IRA) contributions and deductions
- The standard deduction
- Itemized deductions
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7. Credits |
BestCPE Tax Guide for the Elderly or Disabled |
The learning objectives for this lesson are to gain an understanding of:
- Child and dependent care credit
- Earned income credit
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8. Estimated Tax |
BestCPE Tax Guide for the Elderly or Disabled |
The learning objectives for this lesson are to gain an understanding of:
- Who must make estimated tax payments
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1. Samantha is under 65, single, and disabled. Based on her filing status how much can she subtract from her adjusted gross income to figure her excess adjusted gross income?
2. Worker's Compensation is not taxable when:
a. It reduces social security benefits.
b. It is paid as wages when you return to light duty.
c. It is paid for a permanent loss, disfigurement, or death.
d. It is paid as a continuation of pay up to 45 days while the claim is being processed.
