Understanding the Principles of Individual Taxation: Deductions

This course – one in our “Understanding the Principles of Individual Taxation” series – will cover the various types of deductions; Above-the-line, below-the-line, and an explanation of standard and itemized deductions. While it touches on the concept, this webinar does not cover business expenses in depth. However, a clarification of terms and explanation will be part of the presentation in order to help practitioners understand and better explain the concept. This presentation is primarily aimed at TY2021 law topics, but some discussion of pre-TCJA TY2017 and earlier law is included.