Course curriculum

  • 01

    Introduction

    • 502 Itemized Deduction Schedule A Overview

    • 547 Itemized Deduction Schedule A Overview
  • 02

    Medical & Dental Expenses

    • 550 Itemized Deductions Medical & Dental Expenses

    • 552 Itemized Deductions Medical & Dental Expenses
  • 03

    Taxes You Pay

    • 555 Itemized Deductions Taxes You Pay

    • 557 Itemized Deductions Taxes You Pay
  • 04

    Interest You Paid

    • 560 Itemized Deductions Interest You Paid

    • 562 Itemized Deductions Interest You Paid
  • 05

    Gifts to Charity

    • 565 Itemized Deductions Gifts to Charity

    • 567 Tax Software Example Itemized Deductions Gifts to Charity
  • 06

    Other Itemized Deductions

    • 575 Itemized Deductions Casualty & Theft Losses

    • 580 Other Itemized Deductions

    • 582 Other Itemized Deductions
  • 07

    Comprehensive Problem Part 3

    • 510 Practice Problem 1 Presentation 18 Itemized Deductions Medical & Dental Expenses

    • 515 Practice Problem 1 Presentation 19 Itemized Deductions Medical & Dental Expenses Tax Formula - E

    • 520 Practice Problem 1 Presentation 20 Itemized Deductions Taxes You Pay

    • 522 Practice Problem 1 Presentation 21 Itemized Deductions Taxes You Pay Tax Formula - Excel

    • 525 Practice Problem 1 Presentation 22 Itemized Deductions Interest you Pay

    • 527 Practice Problem 1 Presentation 23 Itemized Deductions Interest you Pay Tax Formula - Excel

    • 530 Practice Problem 1 Presentation 24 Gifts to Charity

    • 532 Practice Problem 1 Presentation 25 Gifts to Charity Tax Formula - Excel

    • 535 Practice Problem 1 Presentation 26 Other Itemized Deductions – Gamboling Losses

    • 537 Practice Problem 1 Presentation 27 Other Itemized Deductions – Gamboling Losses Tax Formula - Ex

Description

Learn common Itemized ductions reported on Schedule A. 

Itemized deductions are some of the most common deductions. However they are generally only advantages if they are greater then the standard deduction. 

The most significant itemized deductions for most taxpayers are related to their biggest investment, their home. 

We will discuss each common itemized deduction and then demonstrate it using 2021 tax forms and an Excel worksheet.