Delivery: Text Based
Credit Hours: 2
Field of Study: Federal Tax Update
Approval: IRS, CTEC
After completing this 2-CE hour online self-study course, Employee Expenses and Other Deductions Post-
TCJA, you will be able to:
Identify deductions which were subject to the 2% of AGI rule before the Tax Cuts & Jobs Act
(TCJA) of 2017
Identify the new qualifying and reporting rules of employee business expenses
Identify how to report an increased standard deduction due to a net qualified disaster loss
Identify how to report gambling losses
> NOTE. To help tax preparers get ready for a challenging transition year post-TCJA, this course
will address selected "other itemized deductions" (the post-TCJA label that replaces the pre-
TCJA label "miscellaneous itemized deductions") and unreimbursed employee business
expenses that are no longer deductible.
There are numerous changes to Form 1040 returns under the Tax Cuts & Jobs Act
(TCJA) of 2017.
Under the TCJA, beginning with tax year 2018 #mstandard deduction amounts#m
almost doubled from tax year 2017 amounts.
Pre-TJCA, only about 30% of taxpayers itemized deductions. Post-TCJA, the number of
returns with itemized deductions will likely decrease substantially.
The numerous impacts from the TCJA of 2017 will continue to trickle through the system
creating both opportunities and challenges for tax preparers as areas of confusion and
ambiguity may not be sorted-out for years.
Late-filed and amended returns will require preparers to know how to apply both pre-
TCJA and post-TCJA tax law.
Please note that Study Questions and Final Exam Questions identify to which tax year
(2017 or 2018) each question pertains.