Don Farmer's Advanced Schedule A Planning: SALT Caps, AMT & BunchingStrategies

Overview

This course provides an advanced analysis of Schedule A planning strategies in a post-TCJA environment. Participants will examine the SALT deduction limitation, alternative minimum tax (AMT) interactions, charitable contribution timing, and medical expense planning. Through real-world examples, the course emphasizes how to optimize itemized deductions using bunching strategies, state tax workaround considerations, and timing techniques for high-income taxpayers.

Highlights

• Schedule A planning considerations under current federal tax law • SALT deduction limitation; application of the SALT cap • Alternative minimum tax (AMT) implications • Charitable contribution planning including timing and bunching strategies • Medical expense deduction planning including threshold requirements • Itemized deductions versus the standard deduction • Compliance considerations and common pitfalls I advanced Schedule A planning

Designed For

Tax Professionals

Objectives

1. Analyze the impact of the SAL cap and identify planning opportunities to mitigate its effect 2. Evaluate AMT exposure when implementing Schedule A strategies 3. Apply bunching strategies for charitable contributions and medical expenses 4. Distinguish when itemizing versus taking the standard deduction produces optimal tax results 5. Identify common pitfalls and compliance risks in advanced Schedule A planning