Limited Period Access to myCPE Prime Unlimited CPE Access starting at $199. Subscribe Now

How to Maximize Itemized Deduction (Latest 2021)

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • MRTP
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

When you’re filling out a federal tax return this year, you’ll be asked to either calculate your itemized deductions or to take the standard deduction—an amount predefined by the IRS and based upon your filing status (e.g., single or married filing jointly). If you don’t qualify to itemize deductions, you will choose the standard deduction.

With the change in the tax law, and other previously confusing guidance from Congress and the IRS, clients often ask, can I deduct that?

This online CPE/CE course will go into depth, beyond the basics, on itemized deductions

The online continuing education course will help you to deal with the following aspects of itemized deductions:

  • medical expenses: is it deductible or not?
  • Mortgage interest issues including interest-tracing rules,
  • dealing with home equity lines of credit,
  • dealing with mortgages that are over the thresholds,
  • investment interest,
  • charitable contributions,
  • casualty losses,
  • miscellaneous deductions.

This online CPE webinar covers the following key topics:

  • Medical expenses: what's deductible and what's not?
  • Medical expenses: dealing with capital improvements
  • Interest expenses: Tax Cut and Jobs Act changes
  • Interest expenses: dealing with loans above the TCJA limits
  • Interest expenses: dealing with home equity lines of credit
  • Interest expenses: interest tracing
  • Dealing with investment interest
  • Charitable contribution issues: beyond the basics -AGI limits, non-cash contribution reporting
  • Calculating casualty losses .and is it deductible anyway?
  • What exactly are "miscellaneous deductions"?


This online CPE/CE course for CPA, EA, AFSP will also be useful for Professional or Tax Staff Involved in Preparation, Review or Providing Advice on Individual Tax Returns, Professional or Practitioner who wants to learn more about Individual tax planning or Tax reduction strategies

Access other online CPE/CE Courses for CPAs, EAs, AFSP, and Tax Professionals:

Tax Update Courses for CPAs, EAs, AFSPs, and Tax professionals

AFSP CE Package (Incl. AFTR Course and Ethics)

EA CE Package (Incl. Federal Tax Updates and Ethics)

Package for Tax Practitioners (Incl. 2 hours Ethics)

Learning Objectives

  • To define what allowable medical expenses are
  • To define what the TCJA changed regarding mortgage interest
  • To review how to make mortgage calculations to determine deductible amounts
  • To analyze how to implement AGI rules around charitable contributions
  • To analyze how to report non-cash charitable contributions

Recommended For

  • This online CE IRS approved course is recommended for CPAs, AFSP, EAs who are engaged in preparation and review of Federal income tax returns
  • This online tax CPE webinar is recommended for any Professional or Staff Member Involved in Preparation or Review of various type of Tax returns.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Tax Accountant (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 2 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0433)
  • 2 CPE Credit for Certified Fraud Examiner (CFE)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CE Credit of Federal Tax Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-00433-21-O)
  • 2 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
  • 2 CE Credit of Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-00433-21-O)
  • 2 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-00433-21-O)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Advance
  • Credits :
    2
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    Basic Understanding Of Individual Tax Laws And Form 1040

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Jason Dinesen, EA, LPA

President, Dinesen Tax & Accounting, P.C.

Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well known presenter of continuing education courses. He has an impeccable acumen for tax subjects, by virtue of which, he is known to create very well researched course materials helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries.

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 over dozens of webinars on Form 1099 (MISC & R); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting.

Moreover, Jason is known to be producing every other webinar/course a little different and updated from the previous one. No wonder, he is a top ranked presenter whose webinars and self-study course materials are very well received by the audience. 

He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics. 

Jason always had a knack for radio shows and has and regularly features as an anchor for Radio Iowa. To reinvent this aptitude, he has recently started his own series of podcasts on myCPE ‘The Jason Show’, an edutainment podcast series that also provides continuing credits to the listeners.

Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 5 cats and 3 dogs. Jason holds season tickets to University of Iowa football, and enjoys using his chainsaw. Topmost item in his 2022 bucket list is to learn how to properly ‘nose & taste’ whisky. 

About Company

Dinesen Tax & Accounting, P.C.

www.dinesentax.com

Unlike some other accounting firms, when Dinesen Tax & Accounting, P.C. says we offer personal service, we mean it. When you come to us with your tax preparation needs, you’ll deal directly with our owner and president, Jason Dinesen. We don’t put administrative staff in the middle of you and our tax expert. That means you’ll always have first-hand knowledge of where things stand, and important information won’t slip through the cracks. We welcome all clients, but especially individuals who want the benefits of a long-term relationship with an accounting firm capable of handling anything that might come along with their taxes. We give all our clients the time, attention, and convenience they should expect. If you have a challenging professional or personal schedule, Jason will accommodate you by meeting whenever – and wherever – works best for you.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.7

908 Ratings

Excellent

646

Very Good

223

Average

36

Poor

2

Terrible

1

BF

Bonnie Fleming, EA

Jun 15th, 2021

Definitely more in depth than I would have expected the subject matter to be. Gives new insight to determining if Itemizing is better than the Standard Deduction in some cases. Will definitely recommend my-CPE.com to colleagues. Jason's webinars have always been in depth and thorough.

RT

Robert Tallini, EA

May 14th, 2021

Well paced and thorough presentation of a topi that is consistently overlooked for complexity and nuance. Instruction gave time to absorb the material before rushing on to the next topic. Definitely on my list to watch again,

SW

Susan Williams, CPA (US)

Jun 15th, 2021

This webinar gave me some excellent information regarding medical deductions and the miscellaneous deductions which will be most helpful as I wrap up my clients' returns that were extended until October 2021.

SL

Shuo Li, CPA (US)

Jun 8th, 2021

This course is very practical, the knowledge covers most of important points in the tax practice. the examples given in the webinars can help us to understand the abstract concepts.

SL

Susan Lapanne, CFE, CPA (US), CGMA

Mar 11th, 2021

This presenter is always outstanding. His pace is excellent and his mastery of each topic on which I've heard him speak is awesome. Thanks so much for this excellent webinar!

How to Maximize Itemized Deduction (Latest 2021)

FREE

2 Credits

Subject Area

Taxes

Upcoming Webinars

2022 Enrolled Agent Ethics
  • 4.7
  • (227)

Oct 04, 2022 | 10:00 AM EDT

Excel Accountant: Linked Workbooks
  • 4.5
  • (14)

Oct 04, 2022 | 10:00 AM EDT

IRS Audit Process & Defense Presentation
  • 4.6
  • (1202)

Oct 04, 2022 | 10:00 AM EDT

The Importance of Auditing Time and Expense
  • 4.5
  • (15)

Oct 04, 2022 | 10:00 AM EDT

Ultimate Guide to GAAP with Latest Updates
  • 4.1
  • (80)

Oct 04, 2022 | 10:00 AM EDT

cookies_image

We use cookies to make your experience on this website better