1040 Preparation and Planning 12: Itemized Deductions Part 1 (2018) (Currently Unavailable)

Author: Barbara Weltman, Sidney Kess

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This course discusses the current standard deduction, and reviews deductible medical expenses, deductible interest, and deductible taxes. Limitations on these deductible expenses are also discussed.

Publication Date: November 2017

Designed For
Tax practitioners

Topics Covered

  • Itemized deductions
  • Medical expenses, interest and taxes
  • Current standard deduction

Learning Objectives

  • List standard deduction amounts
  • List which items can be deducted as medical expenses
  • Identify which type of interest is deductible
  • Determine which taxes are deductible

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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