Education, Estate, and Retirement Planning Advice
Free IRS Enrolled Agent SEE Part 1 (Individuals) lesson in Advising the Individual Taxpayer. 11 min read, ~1,663 words.
AOTC \$2,500 max (40% refundable), first 4 years only; LLC \$2,000 max per return, nonrefundable, unlimited years; both phase out \$80,000-\$90,000 single / \$160,000-\$180,000 MFJ in 2025. ยง529 distributions tax-free for qualified higher-education expenses; K-12 tuition capped \$10,000/year, student-loan payoff capped \$10,000 lifetime per beneficiary. 2025 estate/gift exemption \$13.99M; annual...
Read the full lesson, free →
Worked examples, audio narration, and practice. No signup to read.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 1
Browse all free EA Part 1 lessons or jump into free EA Part 1 practice questions.