This course will provide attendees with pertinent information as to the what’s, where’s, and when’s of specific itemized deductions. Practitioners who want a sound update and refresher with respects to deducting personal expenses related to medical, taxes, and interest should attend this course.

Topics Covered

• Medical Expenses
• What expenses can be deducted in a year
• Whose medical expenses can be deducted
• Tax deductions
• Tests to deduct any tax
• Income tax deductions
• Where to deduct
• Interest deductions
• Home mortgage interest
• Investment interest
• Allocation of interest
• Where to deduct

Learning Objectives:

• Help attendees to be better informed as to what selected personal items are properly deductible and reportable
• Provide useful tips to avoiding problems with these deductions
• Provide explanations as to controversial areas with these personal itemized deductions