Overview
Don't miss deductions! Master Schedule A & uncover hidden tax savings for your clients. Explore medical, charity, taxes & more. Learn key questions to ask & stay updated on rule changes.
Learning Objectives
- given a list of medical expenses incurred by a taxpayer, identify those which may be itemized and calculate the deduction
- identify the taxes that may be deductible, including the real estate and sales taxes that apply in different states and municipalities
- identify the types of mortgage interest and points that taxpayers may deduct
- identify eligible cash and non-cash charitable donations and the types of documentation that are needed to support their deduction
Tax Year: 2023-2024
Designed For
EAs, CPAs, CRTPs, and other tax and financial professionals
Prerequisites
Exposure to Form 1040 and its schedules
Find this course for your license:
License or Certification
Regulator
Type