1040 Schedule A

Tax Year:  2018
Prerequisites:  None

Course Description:

Schedule A is usually considered one of the easiest forms to fill out. But are we really making sure that our clients are getting all the deductions they deserve? Within Schedule A, there are many often overlooked deductions. In this course, we will discuss:

  • medical expenses
  • deductible taxes
  • deductible interest
  • charitable contributions
  • casualty, disaster, and theft losses
  • miscellaneous itemized deductions

Since one of the keys to preparing a good tax return is asking the right questions, we will offer some advice on what you should be asking your clients. We will also look ahead to changes in certain Schedule A deductions that will take effect during the 2018 tax year.

Learning Objectives:

Upon successful completion of this course, students will be able to:

  • 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

Revised date: Nov. 2018

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