Compare the deductions that you actually take with the deductions that you would like to take, discussion help

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Review Form 1040 – Schedule A. Take a look at the available itemized tax deduction on the form. Compare the deductions that you actually take with the deductions that you would like to take.

  • Explain why you made the particular selections.
  • For the deductions that you would like to take, explain why you are not able to take the deductions.
  • For the deductions that you actually take, explain the benefits that you receive from the deductions.
  • If you have never prepared a tax return or looked at this information before, what do you find most significant about what you see on Schedule A (and the purpose of the schedule)?
 
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