New Jersey Slides Tax Year 2018

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Presentation transcript:

New Jersey Slides Tax Year 2018 Education Benefits New Jersey Slides Tax Year 2018 Local Instructors can determine whether to train all counselors or only more experienced counselors in all aspects of education benefits Counselors who are not trained should NOT prepare returns with possible education benefits The Bogart Education Calculator can be used to determine most advantageous education benefit available – note that it does not consider a Sch C business expense alternative. See instructions and training video at cotaxaide.org The Tuition and Fees deduction expired 12/31/17 T&F material is at the end of the lesson in the event it is extended Pub 4491-X will advise if T&F deduction is extended

NJ Educational Benefits NJ does not allow any educational credits; therefore, education benefits generally only impact the Federal return However, depending on method chosen to claim the expenses on the Federal return, it is possible that NJ refund/balance due can be impacted. Always check combined results to determine best alternative NTTC Training – TY2018