Ch 5: Itemized Tax Deductions for Individuals

About This Chapter

Simplify the process of preparing for a test or certification exam that covers itemized tax deductions for individuals using this chapter's helpful study resources. Entertaining lessons, mini quizzes and a practice exam can improve your comprehension of these deductions with ease.

Itemized Tax Deductions for Individuals - Chapter Summary

Whether you know a little or a lot about itemized tax deductions for individuals, this chapter can ensure you have a comprehensive understanding. Boost your knowledge of medical expenses, casualty loss, tax planning for charitable contributions and more by reviewing fun lessons. When finished, you should be ready to:

  • Identify types and limitations of itemized deductions
  • List the types and tax implications of medical expenses
  • Share strategies for identifying and deducting tax and interest expenses
  • Offer tax-planning tips for charitable deductions and contributions
  • Define and list types and tax implications of casualty loss
  • Discuss employee expenses that can be deducted and itemized
  • Exhibit knowledge of AGI limitations on itemized deductions

Customize your use of this chapter based on your personal study preferences and schedule. Access the lessons in any order, and visit them as often as needed to boost your knowledge of these itemized tax deductions for individuals. If you hit a snag or need to clarify lesson details, be sure to send questions to our experts. When ready, check your comprehension of this chapter by taking short quizzes and a practice exam.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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