US Individual Taxation – Standard and Itemized Deductions

Course Description: Standard and Itemized Deductions in U.S. Taxes

Are you ready to deepen your understanding of U.S. individual taxation? This course, Standard and Itemized Deductions in U.S. Taxes, is specifically designed for individuals with a background in taxation looking to expand their expertise in deductions available to taxpayers. Whether you’re a tax professional, a student of taxation, or someone aiming to enhance your tax preparation knowledge, this course provides a detailed and practical overview of standard and itemized deductions.

What You’ll Learn:

• Comprehensive Overview: Understand the distinction between standard and itemized deductions and their application in U.S. tax filing.
• Standard Deduction Categories: Explore the standard deduction limits and requirements for various filing statuses, including Single, Married Filing Jointly, Head of Household, and Qualified Widower.
• Itemized Deduction Categories: Gain insight into all major itemized deduction categories, including medical and dental expenses, state and local taxes, mortgage interest, charitable contributions, casualty and theft losses, and investment-related expenses.
• Practical Applications: Learn through real-world examples and scenarios to master the effective application of these deductions.

Course Content:

This course is divided into a series of engaging video lectures:

1. Overview: Introduction to standard and itemized deductions.
2. Standard Deductions: Detailed coverage of standard deductions by filing status.
3. Medical and Dental Expenses: Itemized deductions for healthcare costs.
4. State and Local Taxes: Deductible taxes and limitations.
5. Mortgage Interest & Insurance: Deduction rules for homeowners.
6. Charitable Contributions: Guidelines for maximizing donations.
7. Casualty, Theft Losses, and Miscellaneous Expenses: Lesser-known but valuable deductions.

By the end of this course, you’ll have a thorough understanding of the deductions available to U.S. taxpayers and the knowledge to apply them effectively in practice. Enroll now and take the next step in mastering U.S. individual taxation!