Learn about types of tax deductions and how they can impact your tax returns.
☑ Tax Deduction Fundamentals
☑ Improved Tax Filing
☑ Tax System Awareness
✎ Learn The Facts: Some common situations in which itemizing can be more beneficial include: if you have experienced both significant gambling losses and winnings within the year, you have itemized deductions totaling more than the standard deduction you would receive, or you have reached significant out-of-pocket unreimbursed medical and dental expenses within the year.
Up Next in All Classes
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5 Min Basic Tax Forms
Learn about the various types of tax forms and which ones will suit your needs.
☑ Tax Form Awareness
☑ Tax System Understanding
☑ Tax Season Support✎ Learn The Facts: There are around 15-20 common tax forms for individuals. However, the exact number can depend on each individual's unique finan...
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5 Min Tax Filing Status
Learn about a variety of tax filing statuses and which ones can help meet your unique needs.
☑ Filing Status Options
☑ Tax System Understanding
☑ Improved Tax Outcome✎ Learn The Facts: The IRS considers your marital status as of the last day of the tax year. This means if you get married on De...
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5 Min Understanding The Self-Employme...
Gain knowledge on how to file taxes when you are self-employed.
☑ Improved Financial Stability
☑ Improved Tax Planning
☑ Accurate Tax Calculations✎ Learn The Facts: There are a variety of deductions that can apply to some self employed individuals depending on your work location and needs. The...
