1040 Exam Prep Module VI - Standard and Itemized Deductions
By Norma Wahnon
Published: December 17, 2011.
Module VI of the 1040 Exam Prep e-Books Series summarizes what tax preparers need to know about standard and itemized deductions for the RTRP exam. Most taxpayers have the choice to use the method of deduction that gives them the lowest tax liability by choosing between standard and itemized deduction.