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this conference will now be recorded this week during week five were gonna look at two different items were gonna look at itemized deductions were also going to look at something that is outside of this textbook but I think its something that you should at least be familiar with and its called the fair fair tax or the flat tax I wanted to introduce it to you just so you have an idea what it is if somebody ever talks about it with this itemized deduction these are going to become less and less common I believe as we go forward throughout the next five plus years and the reason is the standard deduction has risen as much as it has its almost doubled since 2017 or the year 2018 as you can see down here its expected that less than probably ten percent of taxpayers will actually itemize because of that standard deduction being raised so high so with this is our first primary schedule that were gonna look at beyond the new schedules for the 1040 the schedules one through five we hav
