Standard vs. Itemized Deductions is always a hot tax topic. Since the advent of the Tax Cuts and Jobs Act, there have been massive changes. The standard deduction has doubled in most cases with the intent of encouraging taxpayers to utilize the standard deduction. But does that make sense for taxpayers in every scenario? When is it more beneficial to utilize standard deductions in the post TCJA world?
Retirement plans are another topic that presents a challenge for tax preparers because there are so many different types of retirement plans and different rules that apply to each of them. Find out the different rules and strategies of retirement plans in the IRS Approved online course.
Also included are tax rules, strategies and benefits for non-profits.
Topics included in this course are:
- Standard vs. Itemized Deduction
- Self-Directing Retirement Plans
- Choosing the Right Retirement Plan
- How to set up a Non-Profit