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Individual Income Tax: Deductions Part 1

Taxes

Individual Income Tax: Deductions Part 1

Course 31056C · 2 hrs · CPA & EA

Knowing when to itemize—and what qualifies—is a core skill for individual return preparation. This course covers the standard deduction, including enhanced amounts for seniors and dependents, as well as detailed rules for deducting medical and dental expenses, state and local taxes (including the SALT cap), and home mortgage and investment interest. New car loan interest deduction rules are also addressed. Practical and comprehensive, this course supports confident decision-making on Schedule A.

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  • Hours: 2
  • Exam questions: 10
  • Eligible for: CPA & EA
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NASBA Area: Taxes

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Individual Income Tax: Deductions Part 1
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