Miami Certified Public Accountant Providing Accounting, Tax, Audit and Consulting Services

Itemized Deductions and Standard Deductions

Itemized Deductions and Standard Deductions

Top Frequently Asked Questions for Itemized Deductions and Standard Deductions

  1. What types of work-related educational expenses are deductible?
  2. Am I eligible to claim both my job-related education expenses (minus 2% of AGI) and the Lifetime Learning Credit on my tax return?
  3. How do I claim an educational expense on my return?
  4. I donated a used car to a qualified charity that the charity sold after I donated it. I itemize my deductions, and I would like to take a charitable contribution deduction for the donation. Do I need to attach any special forms to my return? What records do I need to keep?
  5. Can I deduct separate maintenance paid to my spouse or alimony paid to my former spouse?
  6. Is interest on a home equity line of credit deductible as a second mortgage?
  7. Is the mortgage interest and property tax on a second residence deductible?
  8. I am in a disaster area and heard the IRS could help me. What can the IRS do?


Gustavo A Viera is the managing partner of Gustavo A Viera, PA. His experience spans more than 25 years. He started his career in public accounting at PriceWaterHouseCoopers where reached the level senior audit manager. His Fortune 500 experience includes positions as CFO – Latin America Region for both Hewlett Packard and Telefonica of Spain. Gustavo also writes a blog twice a week that addresses trending accounting and tax issues. He is an SBA Advisor and teaches workshops for aspiring entrepreneurs. His offices are located in Palmetto Bay, Coral Gables and Brickell Avenue in Miami FL, and is admitted to practice in the State of Florida as a licensed Certified Public Accountant. Gus welcomes questions and he can be reached at Gustavo A Viera PA 15715 S Dixie Hwy. Ste 409, Miami Fl. 33157, 2332 Galiano Street, 2nd Floor, Coral Gables, Fl 33134 or 1111 Brickell Avenue11th Floor Miami, FL 33131 Telephone 786-250-4450.

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