Question

Itemized deductions can include mortgage interest expense, state income tax expense, charitable contributions, and other employee expenses.
Question 40 options:

True

False
Question 41 (2 points)
The key tax planning decisions in building your financial plan are knowing what tax savings are currently available to you and how you can increase your tax savings in the future.
Question 41 options:

True

False

Answer 1

For Question 40, the answer is **True**. Itemized deductions can indeed include mortgage interest expense, state income tax expense, charitable contributions, and certain unreimbursed employee expenses, among other deductions.

For Question 41, the answer is **True**. Understanding the current tax savings available and how to enhance those savings in the future is critical in tax planning and building a financial plan.