1.Deductions are something that every taxpayer claims on their return. What is a deduction? What are the different types? Name and explain an itemized deduction. 30 or 45 words

2.Describe the general requirements for deducting business expenses and identify common business deductions. Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses. Identify and explain special business deductions specifically permitted under the tax laws.