 | Learning Objectives
(See related pages)
When you have completed this chapter, you should understand the following learning objectives (LO):
- Describe the deductibility and reporting of medical expenses.
- Be able to explain the state and local tax deduction.
- Apply the tax rules associated with the interest deduction.
- Explain the deductibility and reporting of charitable contributions.
- Discuss the casualty loss deduction.
- Know how to report miscellaneous expenditures.
- Apply the tax rules for limitations on total itemized deductions for high-income taxpayers.
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