TAX CREDITS

Lessons:
1.	GENERAL PRINCIPLES
2.	EXEMPTIONS - FILING STATUS
3.	THE TAX COMPUTATION
4.	GROSS INCOME EXCLUSIONS AND INCLUSIONS
5.	GROSS INCOME EXCLUSIONS AND INCLUSIONS (Cont'd)
6.	GAIN OR LOSS ON THE SALE OR EXCHANGE OF PROPERTY
7.	BASIS
8.	CAPITAL GAINS AND LOSSES
9.	BUSINESS DEDUCTIONS
10.	OTHER ALLOWABLE DEDUCTIONS
11.	DEPRECIATION, ACCELERATED COST-RECOVERY, DEPLETION AND AMORTIZATION
12.	BUSINESS AND CASUALTY LOSSES
13.	BAD DEBTS
14.	SELF-EMPLOYMENT TAX
15.	ESTIMATED TAX
16.	PAYROLL TAXES INCOME TAX WITHHOLDING
17.	OTHER PAYROLL TAXES
18.	TAX CREDITS
19.	SPECIAL PROVISIONS FOR GAIN ON THE SALE OF TAXPAYER'S RESIDENCE
20.	MISCELLANEOUS SPECIAL PROVISIONS

Assignment 18

TAX CREDITS

Contents

General Introduction	1801
What is a Tax Credit	1802
The Credit for The Elderly and Permanently Disabled
Introduction	1803
How the Credit is Computed	1804
Reductions	1805
Miscellaneous Provisions	1806
The Earned Income Credit
Nature of the Credit	1807
Who is Eligible	1808
The Child and Dependent Care Credit
Introduction - What Expenses Qualify	1809
How the Credit is Computed	1810
The Adoption Credit and Exclusion	1811
The Foreign Tax Credit	1812
The Child Credit	1813
The Higher Education Credits
General Rules	1814
Hope Credit	1815
Lifetime Learning Credit	1816
Choosing Which Credit to Claim	1817
The Income Phaseout	1818
The General Business Credit
Introduction	1819
The Investment Credit	1820
The Increased Research Credit	1821
The Work Opportunity Credit	1822
The Welfare to Work Credit	1823
The Low Income Housing Credit	1824
Credit for FICA Tax Paid on Tip Income	1825
The Disabled Access Credit	1826
The Empowerment Zone Employment Credit	1827
The Indian Employment Credit	1828
Limits on the General Business Credit	1829
Credits for Overpayments	1830