Itemized Deductions – A Basic Overview (v22) – Video Self Study Course

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.

NOTE - This is a Video Self-Study Course

Learning Objectives

Upon successful completion of this course participant should be able to be complete the following objectives:

• 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

CPE Credits: 1 CPE for CPAs and EAs

Level: Basic

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Revision Date: October 17, 2022