Tax Breaks, Tips, and Updates: Part 1

Authored by Eva Rosenberg
About this Course
Topics covered include: Routine Changes & Key Extenders; Miscellaneous Income State Tax Refund vs Sales Tax Deduction; Teachers/Classroom Supplies; Higher Education Interest; Medical Expenses in all their Glory; Nursing Services, Home Health Care; Home Mortgage Interest and Acquisition Debt; Employee Deductions; Travel Expenses and Per Diems. Upon completing this course, you should be able to: Recognize how to implement tax breaks that impact the Federal 1040 return; Identify the new rates for filers; Recognize the 2018 standard deduction for head of household; Differentiate correct statements with respect to student loan interest changes; Describe mortgage interest limits Identify the maximum salary reduction for cafeteria plans for 2018; Recognize 2018 standard mileage rates; Describe the amount the deduction for state and local taxes is limited to; Identify the 2018 maximum earnings subject to social security tax with respect to an employee's portion of FICA; Recognize adjustments to income are normally included within Line 21 related to miscellaneous income; Differentiate characteristic requirements for student loan interest; Identify qualified transportation benefits; Recognize characteristics of an accountable plan; Identify how to handle an expiring ITIN and which form to utilize.
$ 16.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Basic
CPE Credits
2.0
Prerequisites
None
Last Updated
04/30/2018
13599