Federal CE
2016 2 Hours Itemized Deductions and Employee Business Expenses

2016 2 Hours Itemized Deductions and Employee Business Expenses

For Best User Experience: Use Chrome .

Google-Chrome-icon

Objectives

At the end of this lesson the student will: 

  • Understand Schedule A phase out limits
  • Explain which deductions are limited to the 10% floor
  • Identify which deductions are limited to the 2% floor
  • Summarize what is an ordinary and necessary expense reported on Form 2106

Please note: The website might experience some compatability issues with older versions of Internet Explorer.