Course Description:
This comprehensive CTEC-approved and IRS-approved continuing education course provides California tax preparers with the skills and insights needed to accurately apply itemized deductions on federal and state tax returns. With a strong emphasis on practical application, the course uses real-world case studies to break down common and complex scenarios involving Schedule A.
You'll explore the rules around medical expenses, state and local taxes (SALT), mortgage and investment interest, charitable giving, and casualty and disaster-related deductions. The course highlights recent developments, including provisions in pending legislation such as the One Big Beautiful Bill (OBBB), and discusses how these changes may impact California taxpayers.
In addition to deduction thresholds and AGI limitations, this training outlines documentation standards, valuation methods for non-cash donations, and strategies for interpreting IRS guidance. Perfect for tax professionals who want to stay compliant and competent in today’s evolving regulatory environment.
This course counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
Learning Objectives:
After completing this course, participants will be able to:
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Identify when taxpayers should itemize rather than take the standard deduction.
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Determine eligible itemized deductions in categories such as medical, SALT, charitable, and mortgage interest.
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Apply IRS rules on documentation, valuation, and deduction limits.
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Understand California and federal implications for disaster-related losses.
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Navigate the SALT cap, mortgage interest limits, and HELOC rules under TCJA provisions.
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Explain how legislation like the OBBB could alter deduction calculations and thresholds.
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Recognize the tax treatment of PTET, investment interest, and Schedule A line items.
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Advise clients on tax strategies that minimize audit risk and maximize allowed deductions.
Presenter Information
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert, and a well-known presenter of continuing education courses.
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics, and much more.
He has presented dozens of webinars on Form 1099 (for 10 years on this subject!), marriage in the tax code, tax updates, the new Form W-4, payroll updates, filing status, tax credits, corporation and partnership taxation, and other issues relating to the modern-day setting.
