Personal Deductions and Credits

This course is designed to provide an overview of the common expenses that individuals can claim as deductions on their taxes, as well as the tax credits that are available to reduce tax liabilities. The course covers topics such as deductible expenses for homeowners, charitable contributions, and medical expenses. It also discusses the various tax credits available, such as the child tax credit, the earned income tax credit, and the education tax credits. Additionally, the course covers the importance of keeping accurate and detailed records of expenses and tax credits, as well as the tax implications of common life events, such as getting married, having a child, and going to college. By the end of the course, students will have a solid understanding of the personal expenses and tax credits that can reduce their tax liabilities, and be able to use this knowledge to make informed decisions about their own taxes.