Meaning Itemized deduction
What does Itemized deduction mean? Here you find 7 meanings of the word Itemized deduction. You can also add a definition of Itemized deduction yourself
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Itemized deductionSpecific deductions allowed by the IRS outlined in the tax return.
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Itemized deductionDefinition An incurred expense which reduces an individual's taxable income, in accordance with IRS regulations (specifically, such deductions are usually limited to 2% of adjusted gross income). [..]
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Itemized deductionsee deduction
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Itemized deductionA deduction for a specific expense that may be claimed if the total amount of all itemized deductions is greater than the standard deduction.
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Itemized deductionn. deducción detallada
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Itemized deductionAn incurred expense that reduces an individual’s taxable income, in accordance with IRS regulations. Examples include mortgage interest, state and local taxes, charitable gifts, and medical expenses.
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Itemized deductionSpecific deductions allowed by the IRS outlined in the tax return.
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