Individual Taxation Deductions and Credits (2024 Returns)

Learning objectives

After completing this course, the learner should be able to: 

  • Identify the adjustments in arriving at adjusted gross income
  • Determine the tax treatment of contributions to and distributions from the different types of IRAs
  • Recognize the types of itemized deductions and their related limitations
  • Identify the refundable and nonrefundable tax credits
  • Recognize the rules for calculating other taxes (e.g., alternative minimum tax liability)
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timothy gearty

Instructor bio

Tim Gearty is the National Director and Editor-in-Chief for the world’s largest CPA training program, Becker CPA Review. In addition to his editorial leadership, Tim is also Becker's National Lead Instructor, whose taped lectures are seen in over 325 locations throughout the world. Tim is a nationally recognized expert and speaker on a variety of accounting and tax topics, and has appeared as keynote speaker for several Fortune 100 companies as well as many national associations. He has frequently been called upon over the past twenty years to present accounting and tax topics to large groups, organizations, and corporations, accounting firms and in legal proceedings. Tim is a partner in Gearty & McIntyre, LLP, CPA, a firm which has developed a reputation as a specialist in business advisory services, litigation support and forensic accounting. He is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Public Accountants as well as a trustee of that organization. He holds a BS in Accounting from Fairleigh Dickinson University, and both a MBA in Finance and Law Degree (JD) from Seton Hall University. Tim is a member of the New Jersey and American Bar Associations.

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