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Income Tax Planning
Chapter 3: Fundamentals of Income Tax/OBBBA NEW BELOW-THE-LINE DEDUCTIONS
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 3: Fundamentals of Income Tax

OBBBA NEW BELOW-THE-LINE DEDUCTIONS

01.Core Concepts

• Available only to non-itemizers: • Charitable contributions of cash to a public charity • Available to both itemizers and non-itemizers (for 2025-2028): • Enhanced deduction for seniors • Tip income • Overtime Compensation • Car loan interest