Tax Preparation (Form 1040) #4: Itemized Deductions

This course is designed for those interested to learn the basics of itemized deduction, why taxpayers invest most in their homes, and applying the formulas used in the course using Excel. Read more.

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Course Skill Level
Beginner
Time Estimate
4h 55m

Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI

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About This Course

Who this course is for:

  • Finance professionals
  • Business owners
  • Accounting professionals

What you’ll learn: 

  • Learn more about itemized deductions
  • Know more why the biggest investments of taxpayers are their home
  • Apply the itemized deductions using formulas in Excel

Requirements: 

  • No prior knowledge is required to take this course

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 than 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 tax forms and an Excel worksheet.

Our Promise to You

By the end of this course, you will have learned about itemized deductions. 

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about itemized deductions.

Course Curriculum

Section 1 - Introduction
Itemized Deduction Schedule A Overview Part One 00:00:00
Itemized Deduction Schedule A Overview Part Two 00:00:00
Section 2 - Medical And Dental Expenses
Itemized Deductions Medical And Dental Expenses Part One 00:00:00
Itemized Deductions Medical And Dental Expenses Part Two 00:00:00
Section 3 - Taxes You Pay
Itemized Deductions Taxes You Pay Part One 00:00:00
Itemized Deductions Taxes You Pay Part Two 00:00:00
Section 4 - Interest You Paid
Itemized Deductions Interest You Paid Part One 00:00:00
Itemized Deductions Interest You Paid Part Two 00:00:00
Section 5 - Gifts to Charity
Itemized Deductions Gifts To Charity 00:00:00
Tax Software Example Itemized Deductions Gifts to Charity 00:00:00
Section 6 - Other Itemized Deductions
Itemized Deductions Casualty And Theft Losses 00:00:00
Other Itemized Deductions Part One 00:00:00
Other Itemized Deductions Part Two 00:00:00
Section 7 - Comprehensive Problem Part Three
Presentation 18 Itemized Deductions Medical And Dental Expenses 00:00:00
Presentation 19 Itemized Deductions Medical And Dental Expenses Tax Formula - E 00:00:00
Presentation 20 Itemized Deductions Taxes You Pay 00:00:00
Presentation 21 Itemized Deductions Taxes You Pay Tax Formula - Excel 00:00:00
Presentation 22 Itemized Deductions Interest you Pay 00:00:00
Presentation 23 Itemized Deductions Interest you Pay Tax Formula - Excel 00:00:00
Presentation 24 Gifts To Charity 00:00:00
Presentation 25 Gifts To Charity Tax Formula - Excel 00:00:00
Presentation 26 Other Itemized Deductions – Gambling Losses 00:00:00
Presentation 27 Other Itemized Deductions – Gambling Losses Tax Formula - Excel 00:00:00

About This Course

Who this course is for:

  • Finance professionals
  • Business owners
  • Accounting professionals

What you’ll learn: 

  • Learn more about itemized deductions
  • Know more why the biggest investments of taxpayers are their home
  • Apply the itemized deductions using formulas in Excel

Requirements: 

  • No prior knowledge is required to take this course

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 than 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 tax forms and an Excel worksheet.

Our Promise to You

By the end of this course, you will have learned about itemized deductions. 

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about itemized deductions.

Course Curriculum

Section 1 - Introduction
Itemized Deduction Schedule A Overview Part One 00:00:00
Itemized Deduction Schedule A Overview Part Two 00:00:00
Section 2 - Medical And Dental Expenses
Itemized Deductions Medical And Dental Expenses Part One 00:00:00
Itemized Deductions Medical And Dental Expenses Part Two 00:00:00
Section 3 - Taxes You Pay
Itemized Deductions Taxes You Pay Part One 00:00:00
Itemized Deductions Taxes You Pay Part Two 00:00:00
Section 4 - Interest You Paid
Itemized Deductions Interest You Paid Part One 00:00:00
Itemized Deductions Interest You Paid Part Two 00:00:00
Section 5 - Gifts to Charity
Itemized Deductions Gifts To Charity 00:00:00
Tax Software Example Itemized Deductions Gifts to Charity 00:00:00
Section 6 - Other Itemized Deductions
Itemized Deductions Casualty And Theft Losses 00:00:00
Other Itemized Deductions Part One 00:00:00
Other Itemized Deductions Part Two 00:00:00
Section 7 - Comprehensive Problem Part Three
Presentation 18 Itemized Deductions Medical And Dental Expenses 00:00:00
Presentation 19 Itemized Deductions Medical And Dental Expenses Tax Formula - E 00:00:00
Presentation 20 Itemized Deductions Taxes You Pay 00:00:00
Presentation 21 Itemized Deductions Taxes You Pay Tax Formula - Excel 00:00:00
Presentation 22 Itemized Deductions Interest you Pay 00:00:00
Presentation 23 Itemized Deductions Interest you Pay Tax Formula - Excel 00:00:00
Presentation 24 Gifts To Charity 00:00:00
Presentation 25 Gifts To Charity Tax Formula - Excel 00:00:00
Presentation 26 Other Itemized Deductions – Gambling Losses 00:00:00
Presentation 27 Other Itemized Deductions – Gambling Losses Tax Formula - Excel 00:00:00

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