 Income tax 2022-2023, lifetime learning credit, tax software example. Let's do some wealth preservation with some tax preparation. Here we are in our example Form 1040 populated with LASERT tax software. You don't need tax software to follow along, but it's a great tool to run scenarios with. You can also get access to the Form 1040 related forms and schedules at the IRS website, irs.gov, irs.gov. Starting point, we got the single file or Mr. Anderson living in 90210 Beverly Hills W-2 Income 100,000, standard deduction 12,950, taxable income 87,050, tax calculation then at the 14774. We're not going to have any withholdings because we're just going to be concentrating on the tax calculation at this time. We're now looking at the education. Education and activity credits.