Taxpayers have a choice either to itemize deductions or to take the standard deduction each year. They will want to select the most advantageous method that will lower their tax. It is necessary to know what expenses are allowed as deductions. This course is designed to provide a basic understanding of itemized deductions and discusses the different categories of, and limitations on, itemized deductions. Medical and dental expense, taxes, interest, charitable donations, casualty and theft losses, and other miscellaneous deductions are discussed in detail.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.