Standard Deduction and Itemized Deductions

**This course is now expired and no longer qualifies for IRS CE Credit. To avoid study material confusion, the course materials and final exam have been removed from this course.


IRS Program Number: YH9W1-T-00035-17-S
CE Credits: 9 hours
IRS Category: Federal Tax Law
Delivery Type: Online Self-Study
Exam Questions: 45

Course Syllabus

Course Description
This self-study discusses the standard deduction, each itemized deduction, and the limit on some of your itemized deductions if your adjusted gross income exceeds certain amounts. Itemized deductions are deductions for certain expenses that are listed on Schedule A (Form 1040). This is a Basic tax course with no prerequisites, and qualifies for 9 CE credit in IRS Federal Tax Law.

Learning Objectives

  • Recall the standard deduction amounts for the current year.
  • Recognize the deductibility characteristics of medical and dental expenses.
  • Recognize what taxes you can deduct if you itemize deductions.
  • Recall what types of interest you can and cannot deduct.
  • Recall the types of charitable contributions you can deduct and the records you should keep.
  • Recall the tax treatment of personal casualty losses, theft losses, and losses on deposits.
  • Identify what business-related expenses related to travel, transportation, entertainment, and gifts are deductible.
  • Recognize what work-related education expenses are deductible.
  • Identify various miscellaneous itemized deductions that you may be able to claim on Schedule A to adjust taxable income.
  • Recognize the limits on itemized deductions for the different filing statuses.

Course Assignments

  • Study each Chapter
  • Answer review questions at the end of each chapter
  • Pass the Final Exam with a score of 70 percent or better

Final Exam and Certification
The final exam consists of 45 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.


Course Materials:

  • <Course Materials Removed (Out-dated)> If you would like a copy of this course materials for your reference, please reach out to us by email and we will reply with the course materials as an attached PDF file.

Course Content