This course will cover itemized deductions. In most cases, a federal income tax will be less if you take the larger of the itemized deductions or the standard deduction. If taxpayer itemize, they can deduct a part of their medical and dental expenses, and amounts they paid for certain taxes, interest, contributions, and other expenses. A taxpayer can also deduct certain casualty and theft losses.

Learning Objectives

Upon completion of this course, you should be able to:

• Understand the different Standard Deductions
• Learn Schedule A - Itemized Deductions and what are considered deductible and non-deductible deductions.

Duration:

Who Should Attend: All tax practitioners advising individual and business clients.

Course Level: Basic

Prerequisite: None

Advance Preparation: None

Delivery Method: Self Study - Internet Based