Overview of 2022 Individual Taxation  

Upon successful completion of this course, the user should be able to:

• determine key tax items taking into consideration special rules on unearned income of young individuals and employee benefits;

• recognize income from a variety of sources;

• determine the basis of property as well as any gain or loss upon conversion of the property;

• identify capital gains and losses, and the netting process;

• recognize appropriate standard and itemized deductions;

• determine the tax benefits related to retirement contributions, medical and health savings accounts and education expenses;

• distinguish between refundable and nonrefundable credits;

• recognize personal credits, tax withholding requirements, estimated taxes and tax filing responsibilities; and

• identify the basic structural and computational elements of the alternative minimum tax.