Itemized Deductions, A Basic Overview
SKU: 06-313-01-CPE
Credit Hours: 1
CPE Category: Taxes
CE Category: Federal Tax
Delivery Method: Online Video
Instructor: Jason Dinesen, LPA, EA
Course Description:
This course covers Schedule A, itemized deductions, from top to bottom. This includes discussions of medical expenses, interest expense, charitable contributions, and miscellaneous itemized deductions.
This course will cover the following topics:
- Identify when medical expenses are deductible
- Identify and define what a medical expense is (and what a medical expense is not)
- Define qualified mortgage interest
- Compute the mortgage deduction when acquisition indebtedness is over the threshold
- Define investment interest
- Determine which documentation is needed for charitable contributions
- Identify other deductions allowable on Schedule A