Individual taxpayers may be eligible to deduct certain medical and dental expenses on their personal tax returns. This course provides tax preparers with a comprehensive overview of the rules governing these deductions. Topics include identifying qualifying expenses, understanding the thresholds for deduction, and accurately reporting these expenses on the appropriate IRS forms. By completing this course, preparers will be equipped to assist clients in maximizing their allowable medical deductions while ensuring compliance with current tax laws.
After completing this course, you will be able to:
- Specify the type of expenses includible in the calculation of medical and dental expense deductions
- Specify the type of expenses that are not includible in the calculation of medical and dental expense deductions
- Calculate medical and dental expense deductions
- Identify the proper forms for reporting medical expense deductions
