Course Description:
This IRS-approved continuing education course is designed for tax professionals participating in the Annual Filing Season Program (AFSP). "Itemized Deductions with Case Studies" provides an in-depth examination of the major categories of itemized deductions on Form 1040, including medical expenses, state and local taxes (SALT), mortgage and investment interest, charitable contributions, and casualty losses.
Taught through real-world case studies, this engaging session goes beyond the basics to explore deduction limits, documentation rules, and recent changes impacting eligibility and tax planning. The course also covers legislative updates like the One Big Beautiful Bill (OBBB), and provides clarity on often-misunderstood issues such as HELOC interest, disaster loss deductions, and non-cash contributions.
Whether you're completing your AFSP CE requirements or simply want to improve your advisory capabilities, this course will equip you with the tools needed to reduce audit risk, optimize deductions for your clients, and earn your AFSP Record of Completion.
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:
- Differentiate between standard and itemized deductions and identify scenarios where itemizing is required.
- Classify and apply the major categories of itemized deductions including medical, SALT, mortgage, interest, and charitable contributions.
- Identify non-deductible expenses and understand exceptions under current tax law and IRS guidance.
- Apply AGI limits and deduction caps for various itemized categories.
- Understand and apply IRS documentation requirements for charitable and medical deductions.
- Recognize the impact of disaster declarations on casualty loss deductibility and reporting.
- Evaluate the tax consequences of new legislative proposals like the One Big Beautiful Bill (OBBB).
- Utilize interest tracing and reporting rules for loans related to investment and business activities.
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.
